As reported on the BBC News website, SSL International, makers of Durex condoms and Scholl footcare, is to be sold to Reckitt Benckiser, the company behind such brands as Cillit Bang and Finish dishwasher tablets. The deal values SSL at £2.54bn.
The purchase of SSL will widen Reckitt’s health care division and is expected to boost business in China and Japan.
SSL employs approximately 10,000 people worldwide. It has headquarters in London along with manufacturing sites in Manchester, County Durham and Cornwall. SSL is a global company with operations in over 30 countries including China. India and Thailand as well as the UK.
The Slough-based Reckitt Benckiser employs approximately 25,000 people globally.
Both Reckitt and SSL have already warned that the takeover could lead to job cuts.