Reckitt Benckiser PLC
26 February 2001
Announcement from Reckitt Benckiser plc
26 February 2001
Reckitt Benckiser Disposes of Further Non-Core Businesses
Reckitt Benckiser plc, the world's leading household cleaning company,
announced today the completion of further disposals of non-core businesses as
part of its previously announced strategy to focusing on its core categories
and brands.
The businesses sold in recent months are as follows
Various minor household brands in Australia and New Zealand including
Janola, Aura, Bluo, Longlife and Scotts.
Australasian personal care brand Soft as Soap sold to Colgate.
European Plant Care business, primarily in Italy and Switzerland under
the Gesal brand
Savoderm, a small Austrian personal care business
These transactions bring the disposals to date, including Scrub Free and
Delicare in 1999, Fatty Acids, Epilim and Australasian Personal Care earlier
in 2000, to £90m of total net revenues sold producing marginal contribution of
almost £18m. Proceeds from the program to date amount to over £100m.
Commenting on these disposals, Bart Becht, Chief Executive Officer, said
'With these latest disposals we are nearing our goal of selling half of the
tail of non-core, non-strategic businesses, a key commitment when we merged to
create Reckitt Benckiser. We believe selling them is positive, despite the
modest earnings dilution, as it allows substantially greater focus on our core
business, and results in a much stronger, growth-oriented brand portfolio. We
still have further disposals under consideration, and remain optimistic that
we will reach our target shortly.'
For further information:
Tom Corran telephone : +44 1753 446 548
SVP Corporate Communications fax : +44 1753 446 415
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