Benckiser to split business

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The Benckiser Group, Ludwigshafen, Germany, is to split its activities into two groups: A health & beauty and fragrance business headquartered in New York as Coty Inc. and a cleanser, detergent and softener business based in Amsterdam under the Benckiser N.V. name. Chairman Peter Hart intends to offer the Coty Inc. shares on the New York Stock Exchange as early as this spring. Benckiser N.V. shares will be offered on the Amsterdam Stock Exchange by yearend.

Copyright January 1997, Crain Communications Inc.

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