Colgate Completes Purchase of Tom's of Maine
May 01 2006 - 5:48PM
PR Newswire (US)
NEW YORK, May 1, 2006 /PRNewswire-FirstCall/ -- Colgate-Palmolive
Company (NYSE:CL), world leader in oral care, today announced the
completion of the purchase of 84 percent of Tom's of Maine for
approximately $100 million. The agreement to purchase Tom's of
Maine, a privately-held, leading Natural Oral Care and Personal
Care products company, was signed and announced in March 2006.
Reuben Mark, Colgate's Chairman and CEO said, "We are excited to
move forward on this opportunity to enter the fast-growing Naturals
category with Tom's of Maine, the #1 brand in oral care and a
leader in personal care in that category. This
strategically-important acquisition gives us access to a loyal,
emerging consumer group and allows us to accelerate the growth of
Tom's of Maine by extending its reach in the U.S. and in Colgate's
strong markets outside the U.S." * * * About Colgate-Palmolive:
Colgate-Palmolive is a leading global consumer products company,
tightly focused on Oral Care, Personal Care, Home Care and Pet
Nutrition. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized
brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring,
Protex, Sorriso, Kolynos, Elmex, Ajax, Axion, Soupline, and
Suavitel, as well as Hill's Science Diet and Hill's Prescription
Diet pet foods. For more information about Colgate's global
business, visit the Company's web site at http://www.colgate.com/.
This press release (other than historical information) may contain
forward-looking statements. Actual events or results may differ
materially from those statements. Investors should consult the
Company's filings with the Securities and Exchange Commission
(including the information set forth under the captions "Risk
Factors" and "Cautionary Statement on Forward-Looking Statements"
in the Company's Form 10-K for the year ended December 31, 2005)
for information about factors that could cause such differences.
Copies of these filings may be obtained upon request from the
Company's Investor Relations Department or the Company's web site
at http://www.colgate.com/. DATASOURCE: Colgate-Palmolive Company
CONTACT: Bina Thompson, +1-212-310-3072, or Allison Klimerman,
+1-212-310-3770, both of Colgate Web site: http://www.colgate.com/
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