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Reckitt Benckiser considering sale of French Foods unit

Published Mon, Apr 3, 2017 · 09:50 PM
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London

RECKITT Benckiser Group plc is considering a sale of its food business, which makes French's mustard and ketchup, to help pay for the US$16.6 billion acquisition of infant-formula maker Mead Johnson Nutrition Co.

Reckitt will begin a review and consider all options for the business, which it called "non-core" in a statement on Monday. With £411 million (S$718 million) in sales last year, French's Foods accounted for 4 per cent of Reckitt Benckiser's total revenue.

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