Colgate/Tom's of Maine

Colgate Completes Purchase of Tom's of Maine
Posted: June 18, 2006

Colgate-Palmolive Company (NYSE:CL),world leader in oral care, today announced the completion of the purchase of 84 percent of Tom's of Maine for approximately $100 million.


The agreement to purchase Tom's of Maine, a privately-held, leading Natural Oral Care and Personal Care products company, was signed and announced in March 2006.

Reuben Mark, Colgate's Chairman and CEO said, "We are excited to move forward on this opportunity to enter the fast-growing Naturals category with Tom's of Maine, the #1 brand in oral care and a leader in personal
care in that category. This strategically-important acquisition gives us access to a loyal, emerging consumer group and allows us to accelerate the growth of Tom's of Maine by extending its reach in the U.S. and in Colgate's strong markets outside the U.S."

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