Unilever sells North American laundry business
Household goods firm Unilever agreed to sell its North American laundry business to private equity firm Vestar Capital Partners.
Unilever is to buy Alberto Culver, the US consumer products group, in a $3.7bn deal that will see it bring brands such as TRESemmé and VO5 shampoos into the Anglo-Dutch conglomerate's stable of hair care and skin care products.