Colgate Completes Purchase of Sanex Personal Care Brand in Europe
June 20 2011 - 8:00AM
Business Wire
Colgate-Palmolive Company (NYSE:CL) today announced, as
expected, that it has completed the purchase of the Sanex personal
care brand from Unilever PLC for €672 million (approximately US$952
million).
Sanex is a premium-priced personal care brand with a distinct
positioning around healthy skin and strong market share positions
in Europe. The agreement to purchase the Sanex brand was signed and
announced in March 2011.
Ian Cook, Colgate’s Chairman, President and CEO said, “We are
excited to move forward on this strategically important acquisition
that will strengthen Colgate’s positions in the shower gel and
deodorant categories in Europe and our overall personal care
business in that region.”
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,
Tom’s of Maine, Ajax, Axion, Fabuloso, Soupline and Suavitel, as
well as Hill’s Science Diet and Hill’s Prescription Diet. For more
information about Colgate’s global business, visit the Company’s
web site at http://www.colgate.com. To learn more about Colgate’s
global oral health education program, Bright Smiles, Bright Futures
™, please visit http://www.colgatebsbf.com.
Cautionary Statement on Forward-Looking
Statements
This press release (other than historical information) may
contain forward-looking statements. Such statements may relate, for
example, to the impact and timing of the transactions, sales or
unit volume growth, organic sales growth, profit and profit margin
growth, earnings growth, financial goals, the impact of currency
devaluations or exchange controls in Venezuela, cost-reduction
plans, tax rates, new product introductions and commercial
investment levels. These statements are made on the basis of our
views and assumptions as of this time and we undertake no
obligation to update these statements. We caution investors that
any such forward-looking statements are not guarantees of future
performance and that 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 caption “Risk Factors” in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2010) for information about certain 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.
CL-C
Colgate Palmolive (NYSE:CL)
Historical Stock Chart
From Sep 2024 to Oct 2024
Colgate Palmolive (NYSE:CL)
Historical Stock Chart
From Oct 2023 to Oct 2024