The Schiff business is expected to significantly enhance Bayer's presence and position in the United States, which accounts for more over-the-counter and nutritional products sales than any other country in the world.
The philanthropic arm of The Coca-Cola Company pledged $1 million to local community relief efforts. Funds will help provide resources for necessary food and shelter in the short-term and will aid in the long-term rebuilding efforts.
The donation includes a $250,000 cash contribution from Kellogg's Corporate Citizenship Fund to the American Red Cross and $250,000 in food to Feeding America.
The Oklahoma City license will be completed shortly, and the first phase of the California transaction is expected to close in the first quarter of fiscal 2013.
By increasing the pace of its transformation, the company intends to more quickly realize its Growth Game Plan ambition of becoming a bigger, faster-growing, more-global, more-profitable Newell Rubbermaid.
