Henkel to acquire hair care brands from P&G
FRANKFURT, March 3 (Reuters) - Germany's Henkel, maker of Schwarzkopf shampoo and Loctite glue, said it agreed to buy a range of hair care brands with a focus in emerging markets and generating annual sales of close to $100 million from U.S. rival Procter & Gamble.
The deal includes brands like Pert, Shamtu and Blendax, whose key countries are Russia, Saudi Arabia and Turkey, Henkel said in a statement on Thursday.
It said the parties had agreed not to disclose financial details of the deal.
(Reporting by Maria Sheahan; Editing by Edward Taylor)
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