trending Market Intelligence /marketintelligence/en/news-insights/trending/MOIllXa4rXGPAkF9rdVeow2 content esgSubNav
In This List

Colgate-Palmolive to acquire skin care companies

Blog

Global M&A By the Numbers: Q3 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection


Colgate-Palmolive to acquire skin care companies

Colgate-Palmolive Co. said Dec. 18 that it agreed to purchase skin care brands PCA Skin and EltaMD, with combined sales of $100 million in 2017, marking the company's foray into the professional skin care market.

Both brands, sold primarily in professional skin care offices and online, are distributed in the U.S., China and other international markets.

Chairman, President and CEO Ian Cook said, "We are delighted that these high-growth, high-margin brands will strengthen our global personal care business. Their complimentary product portfolios and sales forces, strong professional support and similar distribution channels will advance Colgate's presence in the premium global skin care category."

Details of the deals have not been disclosed, but the transactions are expected to close in the first quarter of 2018 and are subject to customary closing conditions and U.S. antitrust clearance. The personal care products giant intends to operate the two businesses independently.