Comet joins food brands Crisco and Jif among P&G brands currently up for sale, though P&G said it would keep Comet if a suitable offer isn't received.
Earlier this year, P&G proposed to spin off its Pringles and Sunny Delight brands into a new joint venture with Coca-Cola Co. and divested its Spic and Span cleaner brand to the Spic and Span Co., funded by San Francisco-based Shansby Group. Gary Shansby, managing partner of the investment firm, said he would be interested in buying other P&G brands, too.
The brand accounted for less than $100 million in sales last year, according to P&G. -- Jack Neff
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