New York, June 24, 2016 -- Moody's Investors Service today placed the ratings of Sun Products Corporation, including its B3 Corporate Family Rating, on review for upgrade. This follows Vestar Capital Partners' announcement that Henkel Consumer Goods Inc. has entered into a definitive agreement to acquire Sun Products Corporation. Henkel Consumer Goods is a subsidiary of Henkel AG & Co. KGaA ((P)A2 stable senior unsecured rating). Moody's expects Sun Products' debt to be repaid as part of this transaction. Therefore, Moody's anticipates withdrawing the ratings on Sun Products when the debt has been repaid. However, the ratings on any debt remaining outstanding after the acquisition closes, should there be any, could be upgraded based upon Henkel AG's much stronger credit profile.

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