Market Chatter: Unilever Agrees to Sell Welly Bandages Unit to Forward Consumer Partners

MT Newswires Live10-19

Unilever (UL) has reached an agreement to sell Welly, a maker of colorful bandages, to private equity firm Forward Consumer Partners, The Wall Street Journal reported Monday, citing executives from both companies.

Unilever didn't provide the financial terms of the sale, which is set to be announced Monday, the report said.

The companies didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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