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SC Johnson buying Sara Lee’s Kiwi brand

SC Johnson said it is buying Sara Lee Corp.’s shoe care business, including the venerable Kiwi brand, for $328 million, as Sara Lee continues to shed nonfood segments.

The companies announced the deal, which also includes Sara Lee’s shoe accessory lines Bama International and Kiwi Kleen, on Friday. The deal is expected to close by mid-2011. Get the full story »