Consumer & Retail, Global | Mergers & Acquisitions

Reckitt Sells Carpet Fresh to Block Drug

  • Reckitt & Colman, now Reckitt Benckiser plc (LSE), is a UK-based global leader in branded household cleaning products with a market capitalization of $40 billion
  • Reckitt retained TM Capital to divest its off-strategy Carpet Fresh® and Neutra Air® brand carpet care products
  • TM Capital completed the sale of the Carpet Fresh® and Neutra Air® product lines to Block Drug Company, Inc. (NASD), a major marketer of branded consumer products
  • This transaction was one in a series of five successful branded product line divestitures TM Capital has completed for Reckitt

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