P&G to Sell Camay and Zest to Unilever

Procter & Gamble said it would sell its Camay and Zest soap brands to Unilever for an undisclosed amount in order to focus on its faster-growing brands. The deal includes the global sale of the Camay brand and the sale of the Zest brand outside of North America and the Caribbean. The company will also sell its Talisman facility in Mexico to Unilever. The facility has 170 employees.

P&G had previously announced that it would divest slow-growing product lines to focus on about 80 brands. P&G is also said to be exploring a sale of its Wella hair care unit, Reuters reported last month, citing sources. The Duracell battery business was sold to Berkshire Hathaway in November 2014.

The deal with Unilever is expected to close in the first half of 2015, P&G said.
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