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Business news in brief
CINCINNATI P&G buys skin products line Procter & Gamble Co. said Monday it has bought HDS Cosmetics Lab Inc. from North Castle Partners, a private equity firm based in Greenwich, Conn. The companies did not disclose details of the transaction. P&G officials said the acquisition is part of its corporate strategy of focusing on skin care as a major growth category. HDS manufactures and markets the Doctor's Dermatologic Formula skin care line, created in 1991 by New York City dermatologist Dr. Howard Sobel. It includes products for anti-aging, acne, hyper-pigmentation and sun protection. The products are sold in select spas and in specialty retail and department stores. CINCINNATI 4,000 U.S. jobs cut Wolseley PLC, a British-based distributor and installer of building supplies, said Monday it eliminated about 4,000 jobs from August through December 2006 because of the downturn in U.S.
Procter & Gamble purchases HDS Cosmetics, maker of skin-care products CINCINNATI Procter and Gamble Company says it bought H-D-S Cosmetics Lab. The company manufactures and markets the Doctor's Dermatologic Formula skin care line. The Cincinnati-based consumer products company bought H-D-S Cosmetics from the Greenwich, Connecticut-based North Castle Partners. The companies did not disclose details of the transaction. The Doctor's Dermatologic Formula line includes products for anti-aging, acne, hyper-pigmentation and sun protection. The products are sold in select spas and in specialty retail and department stores. P-and-G officials say the acquisition is part of its corporate strategy of focusing on skin care as a major growth category.Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Procter & Gamble Buys HDS Cosmetics Consumer products company Procter & Gamble Co. said Monday it bought HDS Cosmetics Lab Inc. from private equity firm North Castle Partners. Financial details of the transaction were not disclosed. HDS makes and markets Doctor's Dermatologic Formula skin care line with products for anti-aging, acne, hyperpigmentation and sun protection. The acquisition builds on P&G's strategy to focus on skin care as a growth category. Other brands that P&G bought and grew successfully include Pantene, Olay, Cover Girl, and Herbal Essences. P&G shares fell 37 cents to close at $65.72 on the New York Stock Exchange. .
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