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Dial sells Armour Foods business.

Henkel KGaA's Dial Corp. unit has sold its Armour Foods business for $183 million to Cherry Hill, NJ-based Pinnacle Foods Group Inc., whose brands include Lender's bagels, Swanson frozen dinners and Log Cabin syrup. The Armour Foods business, which includes brands like Armour Vienna Sausage, had sales of some $230 million last year.

"Having evaluated different strategic options, we became convinced that the sale of the foods business was the best solution for our company," Henkel chief executive Ulrich Lehner said. "This step will enable us to concentrate on our core businesses in home and personal care."

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Title Annotation:As We Go To Press
Publication:Household & Personal Products Industry
Date:Mar 1, 2006
Words:97
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