Henkel closes on multi-billion dollar deal

Henkel Consumer Goods Inc., a subsidiary of Henkel AG & Co. KGaA, completed the purchase of The Sun Products Corporation from Vestar Capital Partners.

The transaction, which was previously announced back in June and is valued at $3.6 billion.

Sun Products, created by Vestar Capital in 2008 through the acquisition by Huish Detergents of Unilever's North American Fabric Care Brands, makes and markets laundry and household brands, such as all, Sun, Wisk, Snuggle, and Sunlight. The company also develops and manufactures laundry and dish care brands for leading retailers in North America. In fiscal 2015, the company generated sales of approximately $1.6 billion in the U.S. and Canada.

Henkel owns a stable of brands including Loctite and OSI, Purex and Renuzit.