SC Johnson expands household brands portfolio with Space Bag

RACINE, Wis. — ITW's global Space Bag brand now is part of SC Johnson.

SC Johnson said it agreed to acquire the space-saving storage brand and expects the deal to be finalized in next few months subject to U.S. regulatory clearances and currently is working on developing transition plans for the business. Financial terms of the deal were not disclosed.

"We're thrilled to add Space Bag to our family of long-respected, leading household brands," SC Johnson chairman and CEO Fisk Johnson said. "It will enable us to strengthen our home storage offerings and it's a natural complement to our Ziploc brand business."