Market Overview

SC Johnson Reaches Agreement to Acquire ITW's Space Bag® Brand


SC Johnson is pleased to announce that it has reached an agreement to acquire ITW's (NYSE: 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."

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.

Posted-In: News Asset Sales M&A


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