Procter & Gamble, the well-known producer of household products, such as Bounty, Charmin, Crest, Downy and Dawn, currently conducts business in approximately 70 countries worldwide -- Mexico being among them.
P&G has been doing business in South America for years and is continually looking to promoting its products in the Latin American markets.
In fact, the company recently announced the sale of one of its soap brands to Mexico, in addition to other countries in Latin America. The sale was made to Kimberly-Clark de Mexico.
The sale of the soap brand, Escudo, came after over half a century of successful sales in the country. Since its introduction to the market, Escudo has come to be the leading antibacterial soap brand.
Though the preliminary steps of the sale have been taken, the sale has not yet closed. The sale should be closed by June, after the company receives the required regulatory approvals.
The transaction's amount has not been released.
Organizations in this Story
- New Colombia Resources says Sannabis test was successful
- Grupo Exito aims to help support Colombia
- Codelco CEO calls for transparency, focus on production goals
- BCP offers tips on choosing master's degree program
- General Tire launches new tire for Andean market
- Latin America talks of boosting pork production, exports @CorferiasBogota
- AIR Worldwide team takes part in wind-engineering conference
- El Salvador's Asesuisa discusses risk management, strategic direction with stakeholders
- Grupo Exito buying lettuce locally to support resocialization program
- Endo selling Mexico-based Grupo-Farmaceutico Somar