[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Impressive milestones in the 217 years of development of Colgate-Palmolive Co., a prestigious global consumer products company (1806)

08-01-2023

(Wowtimes.org) The small soap and candle business that William Colgate began in New York City early in the 19th century is now, more than 200 years later, a truly global company serving hundreds of millions of consumers worldwide.

The Colgate-Palmolive Company is an American multinational corporation engaged in the manufacture and distribution of consumer products. It operates through the Oral Care, Personal and Family and Pet Nutrition segments under brands such as Colgate, Palmolive, elmex, Tom’s of Maine, hello, Sorriso, Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Filorga, eltaMD, PCA Skin, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet.

Colgate Palmolive is a global company doing business in more than 200 countries and territories worldwide. The company was founded by William Colgate in 1806 and its corporate office is located on Park Avenue in Midtown Manhattan, New York City.

 

The company’s milestone:

In 1806: William Colgate starts a starch, soap and candle business on Dutch Street in New York City.

In 1820: Colgate establishes a starch factory in Jersey City, New Jersey.

In 1857: Upon the death of founder William Colgate, the company is reorganized as Colgate & Company under the management of Samuel Colgate, the founder’s son.

 

In 1873: Colgate starts selling aromatic toothpaste in jars.

In 1914: Colgate establishes its first international subsidiary in Canada.

In 1920: Colgate begins establishing operations in Europe, Asia, Latin America and Africa.

In 1928: Colgate merges with Palmolive-Peet to become Colgate-Palmolive-Peet Company.

In 1953: The Colgate-Palmolive Company becomes the official name of the company.

In 1956: Colgate opens corporate headquarters at 300 Park Avenue in New York City.

 

In 1975: Caprice hair care launches in Mexico. Today, hair care products are sold in over 70 countries, with variants to suit every type of hair need.

In 1976: Colgate-Palmolive acquires Hill’s Pet Nutrition. Today, Hill’s is the global leader in pet nutrition and veterinary recommendations.

In 1987: Colgate acquires Softsoap liquid soap business from the Minnetonka Corporation. Today, Colgate is the global leader in liquid hand soap.

In 1997: Total toothpaste is launched in the United States; Colgate takes lead in domestic toothpaste market.

 

In 2002: By keeping a tight rein on costs, the company boosted its gross profit margin to 54.6 percent by 2002, when net income reached $1.29 billion on sales of $9.29 billion.

In 2019:

Colgate launches its first recyclable toothpaste tube and acquires premium anti-aging skin care brand Filorga. Colgate Total and Hill's Science Diet toothpaste are rebooted.

Colgate has the No. 1 market share in toothpaste worldwide, contributing to its $15.7 billion in net sales worldwide.

In 2021: The company ranked 15th on the list of Most Trusted Brands by Morning Consult.

 

According to Wikipedia & colgatepalmolive.com


Kyna ( Collect) - WOWTIMES (Source of photos: Internet)