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Colgate Buying Control of Tom's of Maine

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GreenPartyVoter Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-21-06 12:02 PM
Original message
Colgate Buying Control of Tom's of Maine
NEW YORK - Consumer products maker Colgate-Palmolive Co. said Tuesday it agreed to purchase control of the privately-held Tom's of Maine, which makes "natural" toothpaste and other personal care products, for $100 million in cash.
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The deal reflects Colgate's strategy of focusing on the higher-margin oral and personal care businesses.

http://news.yahoo.com/s/ap/20060321/ap_on_bi_ge/colgate_tom_s_of_maine

Guess I better go find out if Colgate is Blue or Red...
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mainegreen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-21-06 12:07 PM
Response to Original message
1. Crap. There goes my toothpaste brand.
They'll turn it into crap like they did to fresh samantha.
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graywarrior Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-21-06 12:08 PM
Response to Original message
2. Back to salt for me.
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Fenris Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-21-06 12:17 PM
Response to Original message
3. Isn't the ultra free market wonderful?
Edited on Tue Mar-21-06 12:17 PM by Fenris
I love how free-marketers stress competition but in the end all you get are giant conglomerates buying smaller competitors.
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graywarrior Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-21-06 12:18 PM
Response to Reply #3
4. Soon, all organic food with be Walmart Organic.
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progmom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-21-06 12:19 PM
Response to Original message
5. dammit
dammit dammit dammit dammit dammit.

:cry:
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Hell Hath No Fury Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-21-06 02:10 PM
Response to Original message
6. Why the heck do good companies...
like Tom's of Maine sell themselves (and their customers) OUT like that? Are they that fucking greedy?

Local baker Parisian sold out to a big ol' Arkansas company that owns Hostess. The company is now having financial trouble so they shut down Parisian entirely -- a baking company that had been providing San Francisco sourdough for over 125 years!


Pisses me off. :mad:
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