WD-40 Sells UK Homecare And Cleaning Brands 1001 And 1001 Carpet Fresh To Supreme Imports For Up To $7.5M To Focus On Maintenance Products Growth
Benzinga Newsdesk 1 year ago
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~ Enables Increased Focus on Growth Strategy for Maintenance Products ~WD-40 Company (NASDAQ:WDFC) announced today the sale of its homecare and cleaning product businesses in the United Kingdom, consisting of its 1001
~ Enables Increased Focus on Growth Strategy for Maintenance Products ~
WD-40 Company (NASDAQ:WDFC) announced today the sale of its homecare and cleaning product businesses in the United Kingdom, consisting of its 1001 and 1001 Carpet Fresh brands, to Supreme Imports Ltd, a Manchester-based consumer products developer, manufacturer, and distributor.
The transaction was completed through a simultaneous sign-and-close process, with WD-40 Company providing certain transition services for up to three months. The all-cash transaction, including inventory consideration, is valued up to £5.6 million ($7.5 million), including inventory consideration.