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December 18, 2003
By: TOM BRANNA
Editor
Colgate-Palmolive Co. on Thursday said it has agreed to acquire privately held Swiss toothpaste maker GABA Holding AG, expanding its business at European pharmacies.Colgate said it will pay 800 million to 1.05 billion Swiss francs, or $630 million to $830 million, in cash for GABA. The deal is expected to cut Colgate’s 2004 earnings by 3%.Reuben Mark, Colgate’s chairman and chief executive officer said, “GABA is one of the few major privately held toothpaste companies worldwide...
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