SC Johnson enhances portfolio with Space Bag
RACINE, Wis. — SC Johnson has reached an agreement to acquire ITW's (ITW) global Space Bag brand and related assets.
"We're thrilled to add Space Bag to our family of long-respected, leading household brands," said 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."
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.