PHI Asset Management Partners, SGEIC, S.A. completed the acquisition of European and Middle Eastern laundry detergent brands as well as the plant at Mataró in Catalonia from The Procter & Gamble Company (NYSE:PG).
January 17, 2016
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PHI Asset Management Partners, SGEIC, S.A. signed a deal to acquire European and Middle Eastern laundry detergent brands as well as the plant at Mataró in Catalonia from The Procter & Gamble Company (NYSE:PG) on December 18, 2015. The deal will see the Mataró facility transfer to PHI, which will also take ownership of brands such as Dreft, Gamma and Lang in certain countries. The transfer of Procter & Gamble's manufacturing plant at Mataró in Spain will take place along with its employees. Under the deal PHI will continue to supply Procter & Gamble with brands manufactured at Mataró until they transition to the company's supply network. Employees will retain their existing terms and conditions.
Teresa Paz-Ares, Cristina Gracia, Mario Ibáñez, Jaime Calvo and Noemi Blázquez of Uría Menéndez Abogados, S.L.P. acted as legal advisors to Procter & Gamble Company. Ernst & Young, S.L. acted as an accountant, Ahorro Corporación Financiera, S.V., S.A acted as a financial advisor and Juan Bezares Susín of Tribeca Abogados acted as a legal advisor to PHI Asset Management Partners.
PHI Asset Management Partners, SGEIC, S.A. completed the acquisition of European and Middle Eastern laundry detergent brands as well as the plant at Mataró in Catalonia from The Procter & Gamble Company (NYSE:PG) on January 18, 2016.
Procter & Gamble Company is one of the world's leaders in producing and selling consumer products. Net sales break down by family of products as follows:
- care and hygiene products (38.3%): oral hygiene products (toothpastes, toothbrushes, mouthwashes, etc.; Crest, Oral-B, Scope brands, etc.), pharmaceutical products (Metamucil, Neurobion, Pepto Bismol, Vicks, etc.), toilet training pants (Luvs, Pampers), toilet papers and paper towels (Bounty, Charmin, Puffs), feminine protection products (Always, Always Discreet and Tampax), etc.;
- home care and laundry products (34.6%): dishwashing liquids, detergents, stain removers, fabric softeners, deodorizers, bleaches, etc. (Ariel, Downy, Gain, Tide Cascade, Dawn, Fairy, Febreze, Mr. Clean, Swiffer, etc.);
- beauty products (18.3%): hair care products (shampoos, colorings, and cream rinses; Head & Shoulders, Herbal Essences, Pantene and Rejoice brands), body care (soaps, shower gels, deodorants, etc.; Camay, Zest, Secret, Old Spice) and cosmetics (make-up and facial care; Max Facto, Covergirl and Olay);
- shaving products (7.8%): blades, razors, batteries, etc. (Braun, Gillette and Venus brands);
- other (1%).
PHI Asset Management Partners, SGEIC, S.A. completed the acquisition of European and Middle Eastern laundry detergent brands as well as the plant at Mataró in Catalonia from The Procter & Gamble Company (NYSE: PG).
PROCTER & GAMBLE COMPANY 
