Executive SummaryContinues dismantling of Shulton consumer products group with June 21 announcement from Clorox that it is acquiring Shulton's household products business (Pine-Sol and Combat) for $465 mil. in cash. P&G agreed to purchase the Old Spice and Santa Fe fragrance lines June 13 for a price tag "in excess" of $300 mil. Still on the American Cyanamid subsidiary's selling block are Pierre Cardin fragrances, Breck hair care and Lady's Choice personal care lines.
You may also be interested in...
Dr Reddy’s Laboratories reported an unexpected third-quarter consolidated net loss after taking a $156m charge related to its generic version of the NuvaRing contraceptive. However, the company’s shares jumped on a robust underlying performance that was praised by analysts.
Royal Philips is planning to sell its domestic appliance business to better focus on its strategic aims in health technology. The group made the announcement as it unveiled 2019 sales up 4.5% on a comparable basis.
With just under 120 days until the full application of the EU’s Medical Device Regulation, and fears growing of the loss of products seen as non-compliant, the EU medtech industry has identified a way of broadening the application of the “grace period.” It is a legal way of addressing the potential loss of tens of thousands of products come 26 May, says MedTech Europe’s Oliver Bisazza.