SC Johnson Reaches Agreement to Acquire Melvo Holding GmbH
Salamander®, Woly® brands to Join the Company's Global Shoe Care Portfolio
RACINE, Wis., Sept. 17, 2013 /PRNewswire/ -- SC Johnson is pleased to announce that it has reached an agreement to acquire Melvo Holding GmbH, a shoe care company with leading brands sold throughout Europe and the Commonwealth of Independent States (CIS), from a shareholder group led by VR Equitypartner. The deal adds leading brands that include Salamander®, a market leader in Russia, as well as Woly®, Woly Sport® and Grison®, to SC Johnson's robust shoe care portfolio, which includes the Kiwi® and Bama® brands.
"Melvo's leading brands, including Salamander® and Woly®, are an outstanding fit for SC Johnson's portfolio and will complement our Kiwi® and Bama® brands," said Fisk Johnson, Chairman and CEO of SC Johnson. "Adding these brands will enable us to expand our shoe care offering to more families around the world."
SC Johnson expects the deal, which includes all aspects of the Melvo business, to be finalized in the coming months. This is subject to competition authority approvals and other local requirements with relevant workers' councils.
As a private company, SC Johnson does not disclose details regarding financial or business transactions.
About SC Johnson
SC Johnson is a family-owned and managed business dedicated to innovative, high-quality products, excellence in the workplace and a long-term commitment to the environment and the communities in which it operates. Based in the USA, the company is one of the world's leading manufacturers of household cleaning products and products for home storage, air care, pest control and shoe care. It markets such well-known brands as GLADE®, KIWI®, OFF!®, PLEDGE®, RAID®, SCRUBBING BUBBLES®, SHOUT®, WINDEX® and ZIPLOC® in the U.S. and beyond, with brands marketed outside the U.S. including AUTAN®, TANA®, BAMA®, BAYGON®, BRISE®, KABIKILLER®, KLEAR®, MR MUSCLE®, and RIDSECT®. The 127-year-old company, that generates $9 billion in sales, employs nearly 13,000 people globally and sells products in virtually every country around the world.
SOURCE SC Johnson
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