Australia: Colgate-Palmolive to acquire Care TopCo
FMCG giant Colgate-Palmolive has announced it has acquired Care TopCo, the owner of the Prime100 pet food brand, from private equity fund Quadrant PE for A$500 million ($317.5 million). Founded in 2014 in Melbourne, Prime100 offers both refrigerated and shelf‐stable products to pet speciality and other retailers across Australia, focusing on science‐based product lines and veterinary endorsement. Post […]
USA: Colgate-Palmolive to acquire three plants from Red Collar Pet Foods
FMCG giant Colgate-Palmolive has announced plans to acquire three dry pet food manufacturing plants in the US from Red Collar Pet Foods for $700 million. According to Colgate-Palmolive, the acquisition aims to support the global growth of its Hill’s Pet Nutrition business and includes the transfer of approximately 350 employees. The manufacturing plants – in […]
France: Colgate-Palmolive expands in premium skin care with Filorga buy
Colgate-Palmolive, the household and personal care giant, has announced it has signed an agreement to acquire the Filorga skin care business for an equity purchase price of €1.496 billion (approximately $1.690 billion). The US firm said the deal, which is expected to close in the third quarter of 2019, was part of its strategy to focus […]
India: Colgate to launch herbal toothpaste
In a bid to keep pace with rapidly-expanding ayurvedic specialist Patanjali, health and household care multinational Colgate-Palmolive has announced the launch of a new herbal toothpaste for the Indian market, according to a report in the Economic Times. Colgate Cibaca Vedshakti is said to have been launched in response to a growing preference for products with […]
USA: Colgate Palmolive reports 2013 sales increase, boosted by Latin American market
Colgate Palmolive reports that net sales have increased for FY2013, boosted by performance in Latin America. Overall worldwide net sales in 2013 stood at $17.42bn, increasing by 2% on 2012, while organic sales grew by 6% and unit volume grew by 5%. Although in Europe net sales dropped by 0.5%, net sales in Asia increased […]