OTHER NEWS - Nov. 6, 1991
From Times Staff and Wire Reports
Sara Lee Acquires Interest in Playtex: Sara Lee Corp. will purchase a minority stake in Playtex Family Products Corp. for $62.5 million, the companies announced. Sara Lee will acquire preferred stock that will give it a 25% share of Playtex, which manufactures tampons, toothbrushes, hair-care products and other consumer goods. Licensing arrangements will give Chicago-based Sara Lee the right to sell non-apparel products bearing Playtex brands outside the United States and Canada. Playtex will be licensed in the United States to sell products now sold by Sara Lee in foreign countries. Sara Lee manufactures food and consumer products.
