- Email: [email protected]
BASF to acquire Callery Chemical
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compared to $24.6 M in 1Q 20022003. Net income for 1Q 2003-2004 was $323,000 versus a net loss of $5.6 M in 1Q 2002-2003. The Fuller Brands segment, which manufactures commercial, industrial, and household cleaning products, as well as custom brushes and personal care lines, had sales of $14.35 M for 1Q 2003-2004 ($15.03 M in 1Q 2002-2003). R&D expenses were $141,377 for Fuller Brands for the quarter.
also used worldwide in surfactants, agrochemicals, adhesives, polymers, fragrances and others.
CPAC 1Q 2003-2004 results, 13 Aug 2003 (CPAC Inc, 2364, Leicester Road, Leicester, NY 14481, USA. Tel: +1 585 382 3223. Fax: +1 585 382 3031. E-mail: [email protected]. Website: http://www.cpac.com)
Analysts opine that HLL has successfully countered the low-priced competition in personal wash, toothpaste and shampoo segments. HLL’s Lifebuoy soap has become the largest value share brand in Jun 2003, when its market share reached 15%. In terms of market share, Lux is HLL’s biggest soap brand, increasing from 13.3% in 2001 to 16.2% in Jun 2003. The company has also managed to register growth in the declining toothpaste market. According to the HLL’s data, its shampoo segment has garnered a 55.4% market share for the quarter ended Jun 2003. Analysts opine that HLL has managed to maintain its sales and margins despite a 17% reduction in its spending on advertisements. HLL has also announced plans to upgrade some of its existing premium soap brands like Lux and Dove.
COMPANY NEWS Chimiotechnic acquired by private investors The Chimiotechnic group, which has been in receivership since 26 Sep 2002, was recently sold to a group of private investors led by Paul Mazars (who takes a 60% stake) and Jacques Gaillard (a 30% stake). The buyers paid €1.8 M of their own money and obtained a €1.8 M bank loan. In its new configuration the Chimiotechnic group employs 140 people and makes a €30 M turnover. It specializes in detergent products for the professional and distribution sectors.
Press releases from: Mine Safety Appliances Co, PO Box 426, Pittsburgh, PA 15230, USA, & BASF Corp, 3000, Continental Drive, N Mount Olive, NJ 07828, USA. Tel: +1 800 227 3746. Fax: +1 973 426 3912. Website: http://www.basf.com (21 Jul 2003)
HLL strategy keeps competitors at arms length
Business Line, 9 Aug 2003, 10 (220), 6 & 22 Aug 2003, 10 (233), 6
Chimie Hebdo, 25 Aug 2003, (223), 17 (in French)
Colgate to offer aromatherapy under Palmolive BASF to acquire Callery Chemical BASF has signed an agreement to buy certain assets of the Callery Chemical Division of Mine Safety Appliances Co for a sum of about $65 M. The transaction will broaden BASF’s inorganic chemicals portfolio and support an expansion into important non-cyclical life science markets globally. The deal includes Callery’s site in Evans City, PA, with the land and all production facilities, business relationships and inventory. Callery Chemical manufactures boron and potassium chemicals and had sales of $30 M in 2002. Although the pharmaceutical industry is presently its largest market, its products are OCTOBER 2003
Colgate-Palmolive (India) Ltd has extended its Palmolive brand to a range of personal care aromatherapy products consisting of shower gels, hand washes and bar soaps with new product introductions under a new sub-brand Aroma Therapy. The company sources the new range from its subsidiaries based in Thailand, Malaysia and Turkey. Colgate plans to leverage the positive brand image of Palmolive. The shower gel has two variants namely, an anti-stress variant containing pure essential oils like lavender, Ylang-ylang and patchouli and an energy variant containing mandarin, ginger and green tea extracts. Colgate has priced its
shower gel at Rup 90/250 ml, aromatherapy soaps at Rup 22/100gm, and hand-washes at Rup 90. The company’s existing fruit essential hand wash is priced at Rup 75/250 ml. Analysts opine that the market for liquid soaps has been growing at 25% whereas the market for toothpastes and soaps, two of Colgate’s major markets, has been declining. At present, the Palmolive brand accounts for 7-8% of Colgate’s Rup 10.57 bn turnover. Business Line, 12 Aug 2003, 10 (223), 6 & 4 Sep 2003, 10 (245 (supplement)), 1
Hickson and Welch sale to Dunedin Dunedin Capital Partners has paid £21 M to Arch Chemical for Hickson and Welch, which manufactures organic chemicals. Hickson & Welch is an organic fine chemicals maker and contract manufacturer. It produces optical whiteners for detergents and various chemicals for use in agchems, drugs and pigments. It employs 300 and had sales of £40 M in 2002. The new owners are expected to expand operations; there is spare capacity at its production facilities in Castleford, UK. European Chemical News, 18/25 Aug 2003, 79 (2065), 7 & Chemical Market Reporter, 18/25 Aug 2003 (Website: http://www.chemicalmarketreporter.com)
Amway increases investment in China The global consumer goods giant, Amway, US, is to invest $120 M in its Chinese operations and this will raise the company’s paid-up capital in China to over $220 M. Most of the latest investment will be used to expand food and nutrition supplements production and Amway’s plant in Guangzhou, southern China. Amway’s Guangzhou production base currently produces household cleaning materials, personal care products, cosmetics, and nutrition supplements. It has a maximum production capacity of RMB 10 bn. The Guangzhou plant is Amway’s largest facility outside the US. Amway’s sales in China in 2002 were RMB 6 bn, up from RMB 4.8 bn in 2001. China Chemical Reporter, 16 Jul 2003, 14 (20), 4
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O N
S U R FAC TA N T S
compared to $24.6 M in 1Q 20022003. Net income for 1Q 2003-2004 was $323,000 versus a net loss of $5.6 M in 1Q 2002-2003. The Fuller Brands segment, which manufactures commercial, industrial, and household cleaning products, as well as custom brushes and personal care lines, had sales of $14.35 M for 1Q 2003-2004 ($15.03 M in 1Q 2002-2003). R&D expenses were $141,377 for Fuller Brands for the quarter.
also used worldwide in surfactants, agrochemicals, adhesives, polymers, fragrances and others.
CPAC 1Q 2003-2004 results, 13 Aug 2003 (CPAC Inc, 2364, Leicester Road, Leicester, NY 14481, USA. Tel: +1 585 382 3223. Fax: +1 585 382 3031. E-mail: [email protected]. Website: http://www.cpac.com)
Analysts opine that HLL has successfully countered the low-priced competition in personal wash, toothpaste and shampoo segments. HLL’s Lifebuoy soap has become the largest value share brand in Jun 2003, when its market share reached 15%. In terms of market share, Lux is HLL’s biggest soap brand, increasing from 13.3% in 2001 to 16.2% in Jun 2003. The company has also managed to register growth in the declining toothpaste market. According to the HLL’s data, its shampoo segment has garnered a 55.4% market share for the quarter ended Jun 2003. Analysts opine that HLL has managed to maintain its sales and margins despite a 17% reduction in its spending on advertisements. HLL has also announced plans to upgrade some of its existing premium soap brands like Lux and Dove.
COMPANY NEWS Chimiotechnic acquired by private investors The Chimiotechnic group, which has been in receivership since 26 Sep 2002, was recently sold to a group of private investors led by Paul Mazars (who takes a 60% stake) and Jacques Gaillard (a 30% stake). The buyers paid €1.8 M of their own money and obtained a €1.8 M bank loan. In its new configuration the Chimiotechnic group employs 140 people and makes a €30 M turnover. It specializes in detergent products for the professional and distribution sectors.
Press releases from: Mine Safety Appliances Co, PO Box 426, Pittsburgh, PA 15230, USA, & BASF Corp, 3000, Continental Drive, N Mount Olive, NJ 07828, USA. Tel: +1 800 227 3746. Fax: +1 973 426 3912. Website: http://www.basf.com (21 Jul 2003)
HLL strategy keeps competitors at arms length
Business Line, 9 Aug 2003, 10 (220), 6 & 22 Aug 2003, 10 (233), 6
Chimie Hebdo, 25 Aug 2003, (223), 17 (in French)
Colgate to offer aromatherapy under Palmolive BASF to acquire Callery Chemical BASF has signed an agreement to buy certain assets of the Callery Chemical Division of Mine Safety Appliances Co for a sum of about $65 M. The transaction will broaden BASF’s inorganic chemicals portfolio and support an expansion into important non-cyclical life science markets globally. The deal includes Callery’s site in Evans City, PA, with the land and all production facilities, business relationships and inventory. Callery Chemical manufactures boron and potassium chemicals and had sales of $30 M in 2002. Although the pharmaceutical industry is presently its largest market, its products are OCTOBER 2003
Colgate-Palmolive (India) Ltd has extended its Palmolive brand to a range of personal care aromatherapy products consisting of shower gels, hand washes and bar soaps with new product introductions under a new sub-brand Aroma Therapy. The company sources the new range from its subsidiaries based in Thailand, Malaysia and Turkey. Colgate plans to leverage the positive brand image of Palmolive. The shower gel has two variants namely, an anti-stress variant containing pure essential oils like lavender, Ylang-ylang and patchouli and an energy variant containing mandarin, ginger and green tea extracts. Colgate has priced its
shower gel at Rup 90/250 ml, aromatherapy soaps at Rup 22/100gm, and hand-washes at Rup 90. The company’s existing fruit essential hand wash is priced at Rup 75/250 ml. Analysts opine that the market for liquid soaps has been growing at 25% whereas the market for toothpastes and soaps, two of Colgate’s major markets, has been declining. At present, the Palmolive brand accounts for 7-8% of Colgate’s Rup 10.57 bn turnover. Business Line, 12 Aug 2003, 10 (223), 6 & 4 Sep 2003, 10 (245 (supplement)), 1
Hickson and Welch sale to Dunedin Dunedin Capital Partners has paid £21 M to Arch Chemical for Hickson and Welch, which manufactures organic chemicals. Hickson & Welch is an organic fine chemicals maker and contract manufacturer. It produces optical whiteners for detergents and various chemicals for use in agchems, drugs and pigments. It employs 300 and had sales of £40 M in 2002. The new owners are expected to expand operations; there is spare capacity at its production facilities in Castleford, UK. European Chemical News, 18/25 Aug 2003, 79 (2065), 7 & Chemical Market Reporter, 18/25 Aug 2003 (Website: http://www.chemicalmarketreporter.com)
Amway increases investment in China The global consumer goods giant, Amway, US, is to invest $120 M in its Chinese operations and this will raise the company’s paid-up capital in China to over $220 M. Most of the latest investment will be used to expand food and nutrition supplements production and Amway’s plant in Guangzhou, southern China. Amway’s Guangzhou production base currently produces household cleaning materials, personal care products, cosmetics, and nutrition supplements. It has a maximum production capacity of RMB 10 bn. The Guangzhou plant is Amway’s largest facility outside the US. Amway’s sales in China in 2002 were RMB 6 bn, up from RMB 4.8 bn in 2001. China Chemical Reporter, 16 Jul 2003, 14 (20), 4
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