P&G Divests Escudo Soap Brand to Kimberly-Clark de Mexico
Procter & Gamble (NYSE:PG) today announced the sale of its Escudo soap brand in Mexico and other Latin American countries to Kimberly-Clark de Mexico S.A.B. de C.V.
The transaction, for an undisclosed amount, is expected to close during the first half of 2016 subject to necessary regulatory approvals.
Escudo, launched in Mexico more than 50 years ago, is the leading local antibacterial soap brand.
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