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Racine-based S.C. Johnson & Son Inc. has reached an agreement to acquire ITW's global Space Bag brand and related assets.
"We're thrilled to add Space Bag to our family of long-respected, leading household brands," said Fisk Johnson, chairman and chief executive officer of S.C. Johnson. "It will enable us to strengthen our home storage offerings and it's a natural complement to our Ziploc brand business."
Space Bag, the leader in space-saving storage, joins S.C. Johnson's portfolio of household brands, including Pledge, Glade, Mr. Muscle, Windex Kiwi and Ziploc
S.C. Johnson expects the deal to be finalized in next few months subject to U.S. regulatory clearances and is currently working on developing transition plans for the business.
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