NEW YORK (Standard&Poor's) March 23, 2011--Standard&Poor's Ratings Services said today that its ratings and outlook on New York, N.Y.-based Colgate-Palmolive Co. (AA-/Stable/A-1+) are not affected by the company's announcement that it plans to acquire Sanex, a multi-category personal care brand from Unilever PLC for €672 million ($940 million). Net sales of Sanex totaled €187 million ($260 million) in 2010, predominately in Western Europe. Specific financing details have not been disclosed, although we expect the transaction will be funded through a combination of cash on hand and short-term borrowings. The transaction should close in the second quarter of 2011. At the same time, Colgate announced that it will sell its Colombian laundry detergent business to Unilever for
