Reckitt Benckiser Closes Sale Of Food Business To McCormick

18-Aug-2017 - United Kingdom

Reckitt Benckiser Group plc (RBGPF.PK, RB.L) said that it has completed the sale of its food business, including the French's, Frank's RedHot and Cattlemen's brands, to McCormick & Company Inc. for $4.2 billion, subject to customary adjustments. As previously communicated, RB intends to use the net proceeds to reduce its debt. (dpa)

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