M&A Deal Summary

Colgate-Palmolive Acquires Tom s of Maine

On March 21, 2006, Colgate-Palmolive acquired consumer products company Tom s of Maine for 100M USD

Acquisition Highlights
  • This is Colgate-Palmolive’s 1st transaction in the Consumer Products sector.
  • This is Colgate-Palmolive’s 4th largest (disclosed) transaction.
  • This is Colgate-Palmolive’s 2nd transaction in the United States.
  • This is Colgate-Palmolive’s 1st transaction in Maine.

M&A Deal Summary
Date 2006-03-21
Target Tom s of Maine
Sector Consumer Products
Buyer(s) Colgate-Palmolive
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Tom s of Maine

Kennebunk, Maine, United States
Tom's of Maine creates personal care products using simple, natural ingredients derived from plants and minerals. Tom's of Maine products—toothpaste, mouthwash, floss, deodorant, and soap—do not contain artificial sweeteners, preservatives, colors, flavors, or animal ingredients; are tested for safety and efficacy without the use of animals; are biodegradable; and are packaged in earth-friendly ways. Tom's of Maine was formed in 1970 and is based in Kennebunk, Maine.

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Buyer(S) 1

Buyer

Colgate-Palmolive

New York, New York, United States
Category Company
Founded 1806
Sector Consumer Products
Employees34,000
Revenue 19.5B USD (2023)
DESCRIPTION

Colgate-Palmolive is a consumer products company that operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. The Company's Oral Care segment markets toothpaste and manual toothbrush brands including Colgate Total, Colgate Sensitive Pro-Relief, Colgate Max Fresh, Colgate Optic White and Colgate Luminous White toothpastes, Colgate 360° and Colgate Slim Soft manual toothbrushes and Colgate Optic White, Colgate Total and Colgate Plax mouthwash. Colgate’s Oral Care business also includes pharmaceutical products for dentists and other oral health professionals. In the Personal Care market, Colgate produces liquid hand soap, which it sells under the Palmolive, Protex and Softsoap brands. Colgate’s Personal Care products also include Palmolive, Sanex and Softsoap brand shower gels, Palmolive, Irish Spring and Protex bar soaps and Speed Stick, Lady Speed Stick and Sanex deodorants and antiperspirants. Colgate-Palmolive was incorporated in 1806 and is based in New York City.

DEAL STATS #
Overall 2 of 8
Sector (Consumer Products) 1 of 6
Type (Add-on Acquisition) 2 of 6
State (Maine) 1 of 1
Country (United States) 2 of 6
Year (2006) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-11-07 Vipont Pharmaceutical

Fort Collins, Colorado, United States

Vipont`s anti-plaque toothpaste and mouth rinse products are sold under the Viadent brand name.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-23 Colgate-Palmolive Laundry Detergent Business in Colombia

Colombia

Colgate-Palmolive Co., Laundry Detergent Business in Colombia comprises the trademarks, intellectual property and formulations of the detergent.

Sell $215M
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