Collget Palmolive

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Business Combination

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Collget Palmolive

  1. 1. Colgate-Palmolive Company Colgate-Palmolive Company Type Public (NYSE: CL) (KSE) Industry Personal Products Founded 1806 Headquarters New York City, New York, U.S. Key people Ian M. Cook, CEO Revenue ▲ US$15.3 Billion (FY 2009) Operating income ▲ US$3.73 Billion (FY 2009) Net income ▲ US$2.29 Billion (FY 2009) Total assets ▲ US$11.1 Billion (FY 2009) Total equity ▲ US$3.12 Billion (FY 2009) Employees 36,002 Website www.colgate.com Colgate-Palmolive: BackGround: Colgate-Palmolive was one of America’s first major consumer products companies. It traced its roots to two firms founded in the 19th century: Colgate and Company, based in New York City, was the nation’s leading toothpaste manufacturer, and the Palmolive-Peet Company was a prominent soap maker based in the Midwest. Page 1 of 6 From The Desk Of Noman Khan smartonecool@yahoo.com
  2. 2. Colgate-Palmolive Company In 1928 the two firms merged to form Colgate Palmolive-Peet Company, and in 1953 the present name of Colgate-Palmolive Company was adopted. Colgate-Palmolive Company is an American diversified multinational corporation focused on the production, distribution and provision of household, health care and personal products, such as soaps, detergents, and oral products (including toothpaste and toothbrushes).Under its "Hill's" brand, it is also a manufacturer of veterinary products. The company's corporate offices are on Park Avenue in New York City. History Colgate-Palmolive Company: 1806: William Colgate starts a starch, soap and candle business on Dutch Street in New York City. 1817: First Colgate advertisement appears in a New York newspaper. 1820: Colgate establishes a starch factory in Jersey City, New Jersey. 1857: Upon the death of founder William Colgate, the company is reorganized as Colgate & Company under the management of Samuel Colgate, his son. 1864: B.J. Johnson opens a soap factory in Milwaukee, WI, which later becomes the Palmolive Company. 1866: Colgate introduces perfumed soap and perfumes/essences. 1872: Peet Brothers establish Soap Company in Kansas City, Kansas where they make Crystal White soap. Cashmere Bouquet, the first milled perfumed toilet soap, is registered as a Colgate trademark. 1873: Colgate introduces toothpaste in jars. 1879: Gerhard Mennen establishes a pharmacy in Newark, NJ, later becoming the Mennen Company. 1896: Colgate introduces toothpaste in a collapsible tube. Page 2 of 6 From The Desk Of Noman Khan smartonecool@yahoo.com
  3. 3. Colgate-Palmolive Company 1898: B.J. Johnson Soap Co. introduces Palmolive Soap. Today, the Palmolive equity is sold in over 88 countries in 54 variants. 1900: Colgate wins top honors for its fine soaps and perfumes at the World’s Fair in Paris. 1902: Stylish Palmolive advertising begins, emphasizing ingredient purity and product benefits. 1906: Colgate & Company celebrates its 100th anniversary. Product line includes over 800 different products. 1908: Colgate is incorporated by the five sons of Samuel Colgate. Ribbon opening added to Colgate tube: “We couldn't improve the product so we improved the tube.” 1911: Colgate distributes two million tubes of toothpaste and toothbrushes to schools, and provides hygienists to demonstrate tooth brushing. 1912: William Mennen introduces the first American shaving cream tube. 1914: Colgate establishes its first international subsidiary in Canada. 1920: Colgate begins establishing operations in Europe, Asia, Latin America and Africa. 1926: Soap manufacturers Palmolive and Peet merge to become Palmolive-Peet Company. 1928: Colgate merges with Palmolive-Peet to become Colgate-Palmolive-Peet Company. 1930: On March 13, Colgate is first listed on the New York Stock Exchange. 1939: Dr. Mark L. Morris develops a pet food to help save a guide dog named Buddy from kidney disease. This breakthrough leads to the first Hill's Prescription Diet product. 1947: Ajax cleanser is launched, establishing a powerful now-global brand equity for cleaning products. Page 3 of 6 From The Desk Of Noman Khan smartonecool@yahoo.com
  4. 4. Colgate-Palmolive Company 1953: Colgate-Palmolive Company becomes company's official name. 1956: Colgate opens corporate headquarters at 300 Park Avenue in New York City. 1962: Colgate opens research center in Piscataway, NJ. Fabric conditioner is launched in France as Soupline. Today, fabric conditioners are sold in over 54 countries around the world. 1966: Palmolive dishwashing liquid is introduced and today it is sold in over 35 countries. 1968: Colgate toothpaste adds MFP Fluoride, clinically proven to reduce cavities. 1970: Irish Spring launches in Germany as Irische Frühling and in Europe as Nordic Spring. In 1972, Irish Spring is introduced in North America. 1972: Colgate acquires Pharmaceuticals. Hoyt Laboratories, which later becomes Colgate Oral 1975: Caprice hair care launches in Mexico. Today, hair care products are sold in over 70 countries, with variants to suit every type of hair need. 1976: Colgate-Palmolive acquires Hill's Pet Nutrition. Today Hill's is the global leader in pet nutrition and veterinary recommendations. 1983: Colgate Plus toothbrush is introduced. Today over 1.6 billion Colgate toothbrushes are sold annually worldwide. If you lined them up end to end, they would circle the globe 16 times. 1985: Protex bar soap is introduced, and today offers all-family antibacterial protection in over 56 countries. Colgate-Palmolive enters into a joint venture with Hong Kong-based Hawley & Hazel, a leading oral care company, which adds strength in key Asian markets. 1986: The Chairman's You Can Make A Difference Program is launched, recognizing innovation and executional excellence by Colgate people. Page 4 of 6 From The Desk Of Noman Khan smartonecool@yahoo.com
  5. 5. Colgate-Palmolive Company 1987: Colgate acquires Softsoap liquid soap business from the Minnetonka Corporation. Today, Colgate is the global leader in liquid hand soap. 1989: Annual Company sales surpass the $5 billion mark. 1991: Colgate acquires Murphy Oil Soap, the leading wood cleaner in the U.S. Today, its product portfolio has expanded to include all-purpose cleaners, sprays and wipes. 1992: Colgate acquires the Mennen Company. Today, Mennen products are sold in over 52 countries. Colgate Total toothpaste introduced. 1995: Colgate enters Central Europe and Russia, expanding into fast-growing markets. Colgate acquires Kolynos Oral Care business in Latin America and launches marketleading Sorriso toothpaste. 1996: Bright Smiles, Bright Futures oral health education program expands to 50 countries, and today reaches over 50 million children annually. 1997: Colgate Total toothpaste is introduced in the U.S. and quickly becomes the market leader. Only Colgate Total, with its 12-hour protection, fights a complete range of oral health problems. 2004: Colgate acquires the GABA oral care business in Europe, with its strength in the important European pharmacy channel and its ties with the dental community. 2006: Colgate enters the fast-growing Naturals segment by purchasing Tom’s of Maine, a leader in that market in the United States. Today: … Today, with sales surpassing $15 billion, Colgate focuses on four core businesses: Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate now sells its products in over 200 countries and territories worldwide. Colgate-Palmolive (Pakistan) Limited: Colgate-Palmolive (Pakistan) Limited engages in the manufacture and sale of oral care, personal care, surface care, and fabric care products in Pakistan. Its Page 5 of 6 From The Desk Of Noman Khan smartonecool@yahoo.com
  6. 6. Colgate-Palmolive Company products include toothpastes and tooth brushes; beauty, carbolic, and skin germ protection soaps; dishwashing bars, liquid, scourers, bleaches, and pastes; and detergents and softeners. The company was formerly known as National Detergents Limited and changed its name to Colgate-Palmolive (Pakistan) Limited in March 1990. ColgatePalmolive (Pakistan) Limited was incorporated in 1977 and is based in Karachi, Pakistan. Colgate-Palmolive Company, USA, granted the license to manufacture and market their products in Pakistan in 1985. In 1990, Colgate-Palmolive Company, joined as equity partner in the company and the name was changed to Colgate-Palmolive (Pakistan) Limited. Colgate-Palmolive offers various categories of products such as oral care, personal care, surface care and fabric care. Market Data BY KSE(Karachi Stock Exchange): Colgate Palmolive Symbol: Bid Volume: Ask Volume: High Rate: Current Rate: Price Change: Outstanding Shares COLG 01 01 565.00 532.00 -27.54 27470318 Open Rate: Bid Price: Ask Price: Low Rate: Turnover: Percent Change: Market Capitalization: 559.54 532.00 564.99 532.00 124 -4.92 14614209176 Page 6 of 6 From The Desk Of Noman Khan smartonecool@yahoo.com
  7. 7. Colgate-Palmolive Company products include toothpastes and tooth brushes; beauty, carbolic, and skin germ protection soaps; dishwashing bars, liquid, scourers, bleaches, and pastes; and detergents and softeners. The company was formerly known as National Detergents Limited and changed its name to Colgate-Palmolive (Pakistan) Limited in March 1990. ColgatePalmolive (Pakistan) Limited was incorporated in 1977 and is based in Karachi, Pakistan. Colgate-Palmolive Company, USA, granted the license to manufacture and market their products in Pakistan in 1985. In 1990, Colgate-Palmolive Company, joined as equity partner in the company and the name was changed to Colgate-Palmolive (Pakistan) Limited. Colgate-Palmolive offers various categories of products such as oral care, personal care, surface care and fabric care. Market Data BY KSE(Karachi Stock Exchange): Colgate Palmolive Symbol: Bid Volume: Ask Volume: High Rate: Current Rate: Price Change: Outstanding Shares COLG 01 01 565.00 532.00 -27.54 27470318 Open Rate: Bid Price: Ask Price: Low Rate: Turnover: Percent Change: Market Capitalization: 559.54 532.00 564.99 532.00 124 -4.92 14614209176 Page 6 of 6 From The Desk Of Noman Khan smartonecool@yahoo.com

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