Addleshaw Goddard's corporate team in Manchester has advised PZ Cussons Plc, a leading consumer products group in Europe, Asia and Africa, on the sale of its local Polish Home Care brands to Henkel.

The Addleshaw Goddard team, led by corporate partner Paul Medlicott with support from associates Tina Wong and George Danczak, advised the FTSE 250 listed company on the £46.6m deal to allow the business to focus on developing its Personal Care business in Poland.

The deal will see Henkel, subject to merger control clearances in Poland and Ukraine, acquire PZ Cussons' Polish Home Care brands comprising of 'E' and certain smaller brands which are present in the laundry detergent, fabric conditioner and washing up liquid product categories in Poland, central and eastern Europe.

Paul Medlicott, corporate partner at Addleshaw Goddard, said: "PZ Cussons is a leading consumer products group with ambitious business objectives.  Today's deal will allow the business to reinvest key capital into its Personal Care business to further develop its leading shower gel, bath foams and soap brands, whilst gaining further market share in Poland."

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