Business
Completion of Sale of Food Business to McCormick
Completion of Sale of Food Business to McCormick.
About this update from Reckitt Benckiser Group Plc
[{"type":"text","content":"\n \nRNS Number : 3302O Reckitt Benckiser Group PLC 18 August 2017 \n\nReckitt Benckiser Group plc\nCompletion of Sale of Food Business to McCormick\nSlough, UK - 18 August, 2017 - Further to its announcement on 19 July, 2017, Reckitt Benckiser Group plc (\"RB\") is pleased to announce that it has completed the sale of its Food business (\"RB Food\"), including the French's, Frank's RedHot and Cattlemen's brands, to McCormick & Company, Inc. for $4.2 billion, subject to customary adjustments. As previously communicated, RB intends to use the net proceeds to reduce its debt.\n \nContacts\nRB +44 (0)1753 217 800\nRichard Joyce - SVP, Investor Relations\nPatty O'Hayer - Head of Communications and Government Affairs\nBrunswick +44 (0)207 404 5959\nGabrielle Silver / David Litterick\nAbo...