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Colgate-Palmolive fires off skin care deals

Published 12/18/2017, 07:30 AM
© Reuters.  Colgate-Palmolive fires off skin care deals
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  • Colgate-Palmolive (NYSE:CL) announces that it purchased skin care brands PCA Skin and EltaMD in two separate transactions of undisclosed amounts.
  • The company says the acquisitions will help enter the highly attractive professional skin care category.
  • PCA Skin is a leader in medical-grade in-office and take-home skin care products, while EltaMD is a leading physician-dispensed sun care brand with a unique positioning around broad-spectrum, everyday use, physician-dispensed sunscreen.
  • Estimated 2017 net sales for PCA Skin and EltaMD combined approximate $100M.
  • Thee transactions are expected to have no impact on earnings in 2018.
  • Source: Press Release
  • Now read: Dividend Aristocrats In Focus Part 36: Colgate-Palmolive


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