25 Jan 2024 --- A month after acquiring a stable of well-known brands from Unilever, Yellow Wood Partners’ Suave Brands snaps up Chapstick from Haleon. The US-based private equity firm purchased Suave Brands from Unilever early last year. In a statement, Haleon CEO Brian McNamara says:“Today’s announcement is consistent with Haleon being proactive in managing our portfolio and being rigorous and disciplined where there are opportunities for divestment. While Chapstick is a great brand, much loved by consumers around the world, it is not a core focus for Haleon. Selling the brand allows us to simplify our business and pay down debt more quickly. We’re confident the brand will continue to thrive under its new ownership.”
