US: Colgate to acquire two skin care brands | Progresiv
Colgate-Palmolive has announced two separate deals that will see it acquire professional skin care brands, as part of its strategy to focus on its higher-margin businesses. The group will acquire PCA Skin and EltaMD, marking its entry into the professional skin care category while complementing its global personal care businesses. 
Colgate said that 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. The companies have combined net sales of around 100 million dollars, and their products are primarily sold through professional skin care channels and online in the US, China and certain other international markets.
Ian Cook, Chairman and CEO of Colgate, noted: “PCA Skin and EltaMD form an exciting combination for Colgate’s entry into the professional skin care category. We are delighted that these high-growth, high-margin brands will strengthen our global personal care business. Their complementary product portfolios and sales forces, strong professional support and similar distribution channels will advance Colgate’s presence in the premium global skin care category. Furthermore, these businesses will benefit from Colgate’s decades long legacy of working with professional experts to deliver recommendations that benefit their patients.”
No financial details of the deals were not revealed. They are expected to close in the first quarter of 2018. (www.kamcity.com)
