PZ CUSSONS PLC
10 February 2004
For immediate release
10 February 2004
PZ Cussons Plc
PZ Cussons disposes of 1001 brand in UK
PZ Cussons Plc announced today that it has signed a definitive agreement to sell
its 1001 brand to the WD-40 Company (Nasdaq: WDFC).
1001 is a leading UK brand of carpet and upholstery care products.
PZ Cussons said the reason for sale was that it was increasingly focusing on its
personal care business in the UK and felt that the 1001 brand had more potential
in the hands of a business with specialist expertise. WD-40 has an established
position in carpet care products in the USA.
The sale price is £6.2m in cash.
This information is provided by RNS
The company news service from the London Stock Exchange