M&A Deal Summary

Procter & Gamble Acquires Clairol

On May 22, 2001, Procter & Gamble acquired consumer products company Clairol from Bristol-Myers Squibb for 5.0B USD

Acquisition Highlights
  • This is Procter & Gamble’s 7th transaction in the Consumer Products sector.
  • This is Procter & Gamble’s 3rd largest (disclosed) transaction.
  • This is Procter & Gamble’s 9th transaction in the United States.
  • This is Procter & Gamble’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2001-05-22
Target Clairol
Sector Consumer Products
Buyer(s) Procter & Gamble
Sellers(s) Bristol-Myers Squibb
Deal Type Divestiture
Deal Value 5.0B USD

Target

Clairol

Stamford, Connecticut, United States
Clairol, Inc., is a provider of hair care products. Its brands include Clairol, Aussie, Infusium and Herbal Essences as well as Nice 'n Easy, Natural Instincts, Miss Clairol and Hydrience.

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Buyer(S) 1

Buyer

Procter & Gamble

Cincinnati, Ohio, United States
Category Company
Founded 1837
Sector Consumer Products
Employees108,000
Revenue 84.0B USD (2024)
DESCRIPTION
Entrance to Procter & Gamble's corporate headquarters in Cincinnati, Ohio.
Entrance to Procter & Gamble's corporate headquarters in Cincinnati, Ohio.

Procter & Gamble is a producer of branded consumer packaged goods. Procter & Gamble was formed in 1837 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 9 of 29
Sector (Consumer Products) 7 of 23
Type (Divestiture) 2 of 4
State (Connecticut) 2 of 2
Country (United States) 9 of 26
Year (2001) 1 of 1
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-01 Prell

Bala Cynwyd, Pennsylvania, United States

Prell is a provider of pearl green shampoo and conditioner products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-11 Jif Peanut Butter / Crisco

United States

Jif is a brand and producer of peanut butter. Crisco is a producer of shortening.

Sell $813M

Seller(S) 1

SELLER

Bristol-Myers Squibb

Princeton, New Jersey, United States
Category Company
Founded 1887
Sector Life Science
Employees34,100
Revenue 45.0B USD (2023)
DESCRIPTION

Bristol-Myers Squibb is a life science company engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products on a global basis. The Company's pharmaceutical products include chemically-synthesized drugs, or small molecules, and an increasing portion of products produced from biological processes. The majority of Bristol-Myers Squibb's revenue comes from products in the following therapeutic classes: cardiovascular; virology, including human immunodeficiency virus (HIV) infection; oncology; neuroscience; immunoscience; and metabolics. Bristol-Myers Squibb was incorporated in 1887 and is based in Princeton, New Jersey.

DEAL STATS #
Overall 3 of 13
Sector (Consumer Products) 2 of 2
Type (Divestiture) 3 of 9
State (Connecticut) 1 of 1
Country (United States) 3 of 8
Year (2001) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-18 Matrix Essentials

Cleveland, Ohio, United States

Matrix Essentials, Inc. is a manufacturer of haircare products for the professional salon industry in North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-07 Zimmer Biomet Holdings

Warsaw, Indiana, United States

Zimmer Biomet Holdings is a designer, developer, manufacturer of orthopaedic reconstructive, spinal and trauma devices, dental implants, and related orthopaedic surgical products. Zimmer Biomet Holdings was founded in 1927 and is based in Warsaw, Indiana.

Sell -
Mergr

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