WD-40 Company has announced the sale of its U.K. homecare and cleaning product businesses, including the 1001 and 1001 Carpet Fresh brands, to Supreme Imports Ltd, a Manchester-based consumer products company. The transaction, valued up to £5.6 million ($7.5 million), includes trademarks, domains, intellectual property, inventory, manufacturing contracts, and some equipment. The sale aligns with WD-40 Company's strategy to focus on its core maintenance products, enhancing growth and gross margins. The company plans to use the proceeds primarily to reduce short-term high-interest debt.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WD-40 Company published the original content used to generate this news brief via Business Wire (Ref. ID: 20250902747957) on September 02, 2025, and is solely responsible for the information contained therein.