Kirkland, the nation’s oldest and largest detergent maker, has been a fixture in the baby-washing aisle for decades.
Now, it is in danger of being acquired by a Chinese company.
The deal, which was first reported by The Wall Street Journal, would create the largest domestic detergent company in the world, which is already a dominant player in the $7 billion-a-year market for detergents.
The sale of Kirkland’s product line to a Chinese rival, Wuhan Sourcing Group Co., will give Chinese companies a foothold in the US laundry industry.
The Kirkland brand is the standard in baby-wash detergences, used to make diapers, shampoo, and body wash.
It is used by millions of Americans and is among the best-selling products in the United States.
In the last few years, however, the industry has been rocked by the emergence of new, more environmentally friendly alternatives.
The latest is Miracle Baby Washing.
Miracle Baby has been sold in China for several years, and Kirkland is now a major player.
Wuhan is a private Chinese company that makes and markets its products to foreign governments.
It has been one of the most aggressive buyers of US detergends, which are sold to domestic retailers at a premium.
Wuyan has an impressive history of acquisitions, winning the right to purchase Kirkland in 2010 and a large stake in the company in 2015.
The company has also been a big beneficiary of US policies aimed at reducing greenhouse gas emissions, and it is expected to make significant investments in its US operations in the years ahead.WUyan has been involved in several high-profile mergers in recent years, including in the household detergent business with Kraft Foods Co., and it recently bought a small American soap brand, the Wet & Wild.