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News > Deals
Dow sells consumer unit
October 28, 1997: 7:03 p.m. ET

SC Johnson Wax buys DowBrands unit with 1996 sales of $781 million
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NEW YORK (CNNfn) - Dow Chemical Co. said it agreed to sell its consumer products subsidiary, DowBrands, to closely held S.C. Johnson & Son Inc.
     Although financial terms weren't disclosed, the consumer products unit recorded $781 million in 1996 sales, the Midland, Mich.-based company said.
     DowBrands is comprised of two business units. The home food products division includes brands such as Ziploc bags, Saran Wrap and Handi-Wrap plastic films. The home care division includes brand names such as Dow Bathroom Cleaner with Scrubbing Bubbles, Spray 'N Wash stain remover, Fantastik all-purpose cleaner and Glass Plus multi-surface cleaner.
     "We believe DowBrands is an excellent strategic fit for S.C. Johnson," said William S. Stavropoulos, Dow's president and chief executive.
     S.C. Johnson, commonly known as SC Johnson Wax, markets floor waxes under the Brite and Future brand names as well as cleaning products such as Pledge polishes and Windex. However, a relatively small portion of revenue come from food-related businesses.
     Completion of the transaction is subject to customary government approvals.Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

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Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.