Total in Sale of Mapa Spontex to Jarden

April 1, 2010

Cleary Gottlieb represented Total in connection with the sale to Jarden of Total’s Mapa Spontex Baby Care and Home Care businesses valued at approximately $500 million, including the assumption or repayment of indebtedness. The transaction closed on April 1.

Headquartered in Paris, France, Mapa Spontex is a global manufacturer and distributor of baby care and home care products with strong market positions in Europe, Latin America and North America, and a global manufacturing base that includes facilities in Brazil, France, Germany, Malaysia and Spain.

Jarden is an investment company focused on the acquisition of companies active in niche consumer products businesses. Headquartered in Rye, New York, Jarden holds portfolio companies employing over 20,000 people worldwide.