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Li Bang International Corporation Inc. shares rise 2.11% intraday after Reckitt sells Essential Home arm.
ByAinvest
Friday, Jul 18, 2025 9:33 am ET1min read
Li Bang International Corporation Inc. rose 2.11% intraday, with the company's stock price increase aligning with the news that Reckitt Benckiser sold a majority stake in its Essential Home business to Advent International for $4.8 billion. This move is part of Reckitt's strategy to focus on core brands like Lysol, Dettol, and Strepsils, which drive the bulk of its sales. The sale includes household brands such as Air Wick, Mortein, Calgon, and Cillit Bang, and a review of options for its baby formula maker Mead Johnson Nutrition.
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