Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRB..L Regulatory News (RB.)

  • There is currently no data for RB.

Acquisition

10 Mar 2014 08:20

RNS Number : 8879B
Reckitt Benckiser Group PLC
10 March 2014
 



 

 

 

Slough, England - March 10, 2014- Reckitt Benckiser Group PLC ("RB") (LSE: RB) today announces that it has signed a definitive agreement to acquire from McNEIL-PPC, Inc, a subsidiary of Johnson & Johnson, the global rights to the K-Y brand ("K-Y"), a leader in intimate lubricants. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close in mid 2014. No employees or fixed assets are included in the purchase.

K-Y started as a prescription medical device in 1917 and switched to over-the-counter in 1980. The brand's clinical and professional heritage is unique in the category and is the underpinning to its trusted and professionally endorsed position. It has been the historical innovator in the category and was the brand that built the female intimacy enhancement segment in lubricants.

K-Y, as a global leader in intimate lubricants with very high trust score amongst women, will sit alongside the RB Powerbrand Durex to create a unique portfolio of brands in the sexual wellbeing category. Its addition will immediately transform RB's sexual well-being category in the USA and Brazil. K-Y will benefit from RB's strong innovation, brand equity investment and go-to-market capabilities.

Net sales of K-Y in 2013 were greater than $100 million. It is sold in over 50 countries around the world, with the US, Canada and Brazil accounting for the majority of 2013 sales.

 

 

For queries contact:

For further information, please contact:

Reckitt Benckiser

Richard Joyce

Director, Investor Relations

Andraea Dawson-Shepherd

SVP, Global Corporate Communication & Affairs

+44 (0)1753 217800

 

 +44 (0)1753 446447

Brunswick (Financial PR)

David Litterick

+44 (0)20 7404 5959

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQURAWRSVAOARR
Date   Source Headline
6th Oct 20165:35 pmRNSDirector/PDMR Shareholding
4th Oct 20165:26 pmRNSDirector/PDMR Shareholding
3rd Oct 20169:42 amRNSTotal Voting Rights
5th Sep 201611:57 amRNSDirector/PDMR Shareholding
2nd Sep 201611:30 amRNSDirector/PDMR Shareholding
1st Sep 201610:45 amRNSTotal Voting Rights
25th Aug 20165:42 pmRNSTransaction in Own Shares
24th Aug 20165:17 pmRNSTransaction in Own Shares
23rd Aug 20164:57 pmRNSTransaction in Own Shares
22nd Aug 20165:06 pmRNSTransaction in Own Shares
19th Aug 20165:04 pmRNSTransaction in Own Shares
18th Aug 20165:05 pmRNSTransaction in Own Shares
17th Aug 20165:10 pmRNSTransaction in Own Shares
16th Aug 20164:50 pmRNSTransaction in Own Shares
15th Aug 20165:04 pmRNSTransaction in Own Shares
12th Aug 20165:04 pmRNSTransaction in Own Shares
11th Aug 20165:39 pmRNSTransaction in Own Shares
10th Aug 20165:12 pmRNSTransaction in Own Shares
9th Aug 20165:10 pmRNSTransaction in Own Shares
9th Aug 20167:00 amRNSTransaction in Own Shares
5th Aug 20164:58 pmRNSTransaction in Own Shares
4th Aug 20164:59 pmRNSTransaction in Own Shares
3rd Aug 20165:13 pmRNSTransaction in Own Shares
2nd Aug 20165:09 pmRNSTransaction in Own Shares
1st Aug 20165:37 pmRNSDirector/PDMR Shareholding
1st Aug 20165:35 pmRNSTransaction in Own Shares
1st Aug 201610:43 amRNSTotal Voting Rights
29th Jul 20165:04 pmRNSTransaction in Own Shares
29th Jul 20164:45 pmRNSBoard Committee Changes
29th Jul 20167:00 amRNSHalf Year Results
28th Jul 20165:05 pmRNSTransaction in Own Shares
27th Jul 20164:56 pmRNSTransaction in Own Shares
26th Jul 20164:57 pmRNSTransaction in Own Shares
25th Jul 20164:59 pmRNSTransaction in Own Shares
22nd Jul 20165:01 pmRNSTransaction in Own Shares
21st Jul 20164:57 pmRNSTransaction in Own Shares
20th Jul 20165:05 pmRNSTransaction in Own Shares
19th Jul 20165:58 pmRNSTransaction in Own Shares
18th Jul 20165:07 pmRNSTransaction in Own Shares
15th Jul 20164:50 pmRNSTransaction in Own Shares
14th Jul 20165:02 pmRNSTransaction in Own Shares
13th Jul 20164:59 pmRNSTransaction in Own Shares
12th Jul 20165:05 pmRNSTransaction in Own Shares
11th Jul 20164:55 pmRNSTransaction in Own Shares
8th Jul 20165:26 pmRNSTransaction in Own Shares
7th Jul 20165:04 pmRNSTransaction in Own Shares
6th Jul 20165:51 pmRNSTransaction in Own Shares
5th Jul 20164:59 pmRNSTransaction in Own Shares
4th Jul 20165:01 pmRNSTransaction in Own Shares
1st Jul 20164:42 pmRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.