CINCINNATI — In line with its strategic move to focus on core brands, Procter & Gamble is selling its Camay and Zest brands, along with the transfer of a manufacturing facility in Mexico, to Unilever for an undisclosed amount.
The transaction is expected to close during the first half of 2015, subject to necessary regulatory approvals.
The deal involves the global sale of the Camay brand, the sale of the Zest brand outside of North America and the Caribbean, and the sale of the Talisman manufacturing facility in Mexico. The plant employs approximately 170 people who will transfer to Unilever at the completion of the deal.