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Article: COLGATE PALMOLIVE Co - Colgate To Sell North American Laundry Detergent Brands.
- Article from:
- PR Newswire UK Disclose
- Article date:
- July 12, 2005
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Colgate To Sell Its North American Laundry Detergent Brands;
Separately, Will Repatriate $800 Million From Overseas Operations Under
American Jobs Creation Act
NEW YORK, July 12, 2005 -- Colgate-Palmolive Company (NYSE: CL) announced
today its agreement to sell its North American heavy-duty laundry detergent
brands to Phoenix Brands LLC. The transaction includes the sale of the
detergent brands Fab, Dynamo, Arctic Power, ABC, Cold Power and Fresh Start,
and the license of the Ajax brand for laundry detergents, in the United States,
Canada and Puerto Rico.
Reuben Mark, Colgate's Chairman and CEO said, "The sale of these ...