Summary
Colgate-Palmolive Company (CL) has officially completed its acquisition of Laboratoires Filorga Cosmétiques, a premium aesthetic skincare brand, on September 18, 2019. This strategic move, announced earlier in July, involved a cash transaction of approximately €1,516 million (US$1,674 million), inclusive of interest on the equity purchase price. The acquisition is expected to bolster Colgate-Palmolive's presence in the rapidly growing premium skincare market, aligning with their strategy to expand their beauty and personal care offerings.
Key Highlights
- 1Colgate-Palmolive Company (CL) completed the acquisition of Laboratoires Filorga Cosmétiques on September 18, 2019.
- 2The acquisition was finalized through a Share Purchase Agreement dated July 11, 2019.
- 3The total cash purchase price amounted to approximately €1,516 million (US$1,674 million).
- 4This transaction includes accrued interest on the previously disclosed equity purchase price.
- 5The acquisition is a significant step for Colgate-Palmolive in strengthening its position within the premium skincare segment.
- 6Laboratoires Filorga Cosmétiques is a premium aesthetic skincare brand.