Melrose Park, IL
Sales: $1.5 billion
Sales:$1.5 billion for personal care and household products. Corporate sales: $1.54 billion. Net income: $78.2 million for the year ended Sept. 30, 2007.
Carol Lavin Bernick, executive chairman; V. James Marino, president and chief executive officer; Gina Boswell, president, global brands; Richard J. Hynes, senior vice president, commercial management; Richard Mewborn, vice president, global operations; Ralph J. Nicoletti, senior vice president and chief financial officer; Gary P. Schmidt, senior vice president, general counsel and secretary.
Chief Scientific Officer:John R. Berschied Jr., senior vice president, global research & development.
Major Products:Alberto VO5, Tresemme, Nexxus, Consort, Soft & Beautiful, Just for Me, Comb-Thru, Motions and TCB hair care products; St. Ives skin care products; FDS feminine deodorant sprays.
Comments:Corporate sales rose 10.2% last year. The gains were attributed to higher sales of Tresemme in the U.S. and Latin America and the launch of Nexxus into retail channels in the U.S. In addition, organic sales growth for fiscal year 2007 includes the effect of net sales to Sally Holdings after the unit was spun-off in 2006.
In February, Alberto-Culver appointed Gina Boswell president of global brands. She oversees global brands such as Alberto V05, Tresemme, St. Ives and Nexxus, research and development and consumer insights. Prior to this appointment, she was with Avon Products, Inc., where she most recently served as senior vice president and chief operating officer for Avon North America.
In May, the company sold its Cedderoth International business to CapMan, a leading Nordic-based private equity firm. Cederroth, based in Sweden, manufactures and markets a diversified group of consumer products in the Nordic region and parts of Europe with only a portion of its brands competing in beauty care categories. It had sales of $226 million in 2007.
For the first half of fiscal 2008, sales increased 10.7% to $813.5 million. Net earnings soared to $59.9 million, up from $16.7 million in 2007.