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

Colgate-Palmolive to acquire skin care companies

Blog

Christopher & Banks Corporation – tracking the early-warning signals of credit risk

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


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.