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May 21, 2001
By: TOM BRANNA
Editor
The Procter & Gamble Company today announced that P&G will purchase the Clairol business from Bristol-Myers Squibb Company (NYSE: BMY) for $4.950 billion in cash. Clairol is a world leader in hair color and hair care products with about $1.6 billion in worldwide sales.The Clairol acquisition launches P&G into the profitable and growing hair coloring market. Clairol’s hair colorant brands include Nice ‘n Easy, Natural Instincts, Miss Clairol, and Hydrience. Clairol also...
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