Sara Lee has agreed to sell its 51% stake in Indian household goods maker Godrej Sara Lee as it looks to increase its focus on its core food business.

The Godrej Sara Lee joint venture primarily markets insecticides, including the leading Good Knight, HIT and JET brands, sold throughout India.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The US food group said that it will sell its stake in the business to Indian partner Godrej Consumer Products for a total of EUR185m (US$232.9m).

“This sale is the next step in our strategy to focus on our core food and beverage businesses, where we’re positioned to continue to drive strong shareholder value,” chairman and CEO Brenda Barnes commented.

The company previously announced that it has received binding offers from Unilever for its body care business and Proctor and Gamble for its hair care business. In total, Sara Lee said that it expects to generate pretax proceeds of approximately EUR1.78 from these divestures.

Sara Lee added that it has received “strong interest” for the remainder of its international household and body care unit.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now