Breaking News

Colgate Sells Asian Laundry Brands to P&G

February 14, 2006

Colgate-Palmolive Company has sold its southeast Asian heavy-duty laundry detergent brands to the Procter & Gamble Company as part of its effort to focus on high-margin, fast-growing business lines.
The sale includes detergent brands Fab, Trojan, Dynamo and Paic, which are marketed in Thailand, Malaysia, Singapore and Hong Kong. As a result of the deal, two detergent factories will be closed or modified. The company said it expects that the one-time net gain resulting from the transaction will be fully offset by fourth-quarter restructuring charges.
“This simplification of our portfolio will increase gross profit margin in our Asia/African division and will allow even greater focus on our strong and highly profitable oral, personal and pet care businesses,” explained chairman and chief executive Reuben Mark.
blog comments powered by Disqus
  • What

    What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 27, 2016
    Euromonitor weighs in on how Brexit could impact consumer product companies.

  • The Future of Innovation

    The Future of Innovation

    Nancy Jeffries, Contributing Editor||June 27, 2016
    Fashion Institute of Technology graduate students tackle a far-reaching topic for their Capstone project.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.