SC Johnson to Acquire Space Bag Brand
SC Johnson has reached an agreement to acquire ITW's global Space Bag brand and related assets.
"We're thrilled to add Space Bag to our family of long-respected, leading household brands," says Fisk Johnson, chairman and CEO of SC Johnson. "It will enable us to strengthen our home storage offerings and it's a natural complement to our Ziploc Brand business."
Space Bag, the leader in space-saving storage, joins SC Johnson's robust portfolio of household brands including Pledge, Glade, Mr. Muscle, Windex Kiwi and Ziploc. Like many SC Johnson brands, Space Bag is the market leader in its category.
SC Johnson expects the deal to be finalized in next few months subject to U.S. regulatory clearances and is currently working on developing transition plans for the business.
As a private company, SC Johnson does not disclose details regarding financial or business transactions.
"We're thrilled to add Space Bag to our family of long-respected, leading household brands," says Fisk Johnson, chairman and CEO of SC Johnson. "It will enable us to strengthen our home storage offerings and it's a natural complement to our Ziploc Brand business."
Space Bag, the leader in space-saving storage, joins SC Johnson's robust portfolio of household brands including Pledge, Glade, Mr. Muscle, Windex Kiwi and Ziploc. Like many SC Johnson brands, Space Bag is the market leader in its category.
SC Johnson expects the deal to be finalized in next few months subject to U.S. regulatory clearances and is currently working on developing transition plans for the business.
As a private company, SC Johnson does not disclose details regarding financial or business transactions.