GRAND BRANDS BUYS
LANDER PRODUCT LINE
Grand Brands, LLC, a Grand Rapids, MI-
based brand licensing company, has
purchased the Lander product line, a
well-established American bath and
beauty care brand that has been on the
shelves since 1920.
The Lander portfolio includes 139
SKUs of product sold in more than 40
countries and territories. The previous
owners of the company, Ascendia
Brands, ceased operations in 2008.
All Lander brand products will be
made in the U.S. by a Grand Rapids,
MI-based contract manufacturer,
according to the company.
Sales And Earnings
In fiscal 2008, Henkel’s sales rose 8.1%
to $17.9 billion. According to the company, the substantial increase is mainly attributable to its acquisition of
National Starch in April 2008.
However, all business sectors contributed to this organic growth, with
the company’s Laundry & Home Care
and Cosmetics/Toiletries showing a
better dynamic, said Henkel.
“Despite the difficult economic environment, we sustained our very good
position in 2008. Once again, all our
business sectors were able to outperform their respective markets, with our
businesses in the emerging markets
making a particularly strong contribution,” said Henkel chief executive
Kasper Rorsted. “At the beginning of
2008, we initiated a global efficiency
enhancement program in early
response to the increasing economic
difficulties encountered in the market.
With this and the acquisition of the
National Starch businesses, we have
been able to sustainably strengthen
our competitiveness. Moreover, our
heightened focus on strategic priorities
is already beginning to yield benefits.”
Mr. Rorsted continued, “We know
that 2009 is not going to be an easy
year. At the moment it is difficult to
predict how the economy as a whole is
going to develop. However, we are well
equipped and confident we will emerge
from this difficult economic environment with our position strengthened.”
The 2008 results also reflect a gain
of $1.3 billion from the sale of the company’s 29.3% stake in Ecolab Inc.
Sales in the Laundry & Home Care
business sector rose organically by
3.8%, outstripping the rate of expansion in its markets. Sales rose by 0.6%
to $5.29 billion, with foreign exchange
having a negative effect. The rise was
primarily price-driven. Growth came
mainly from the Europe/Africa/Middle
East region, with Eastern Europe gen- Avon Announces New Plan
erating the primary impetus. In Sometimes it pays to think ahead. Avon
Western Europe, on the other hand, Products, Inc. revealed that it now
sales remained below the 2007 level. expects to achieve higher-than-antici-
With organic sales growth of 4.7%, pated annualized savings and benefits
Henkel’s Cosmetics/Toiletries business approaching $900 million from its orig-significantlyoutpacedgrowthrecorded inal restructuring program and its
by other segments. Sales rose by 1.5% product line simplification and strate-to $3.8 billion, reflecting both the gic sourcing initiatives. The company
absence of marginal activities, divested also announced a new restructuring
to streamline the portfolio and the program targeting annualized savings
impact of the foreign exchange. of approximately $200 million when
In the regional breakdown, the fullyimplemented.
acquisition of the National Starch busi- Charles Cramb, Avon’s vice chair-nesses had a positive effect, promoting man, chief finance and strategy officer,
further sales growth in all regions. said, “Our original restructuring pro-Europe/Africa/Middle East posted a gram began in 2005, and over the last
significant sales increase of 4.5% to three years we have been dramatically
$11.2 billion. However, sales in Western transforming our cost structure and
Europe declined slightly. Sales in North exceeding our original savings esti-America rose by 5.6% to $3.42 billion. mates as we fix the fundamentals of
Latin America continued to perform our business. Based on this progress,
very well, posting an increase in sales we expect the original restructuring
of 12.8% to $989 million. In the Asia- program to deliver total savings of
Pacific region, sales grew by 40.1% to approximately $430 million by 2011-
$1.9 billion. 2012. We also expect to realize annual-
In the fourth quarter, total company ized benefits from our product line sim-sales rose 11.1% to $4.4 billion. The plificationandstrategicsourcinginitia-
proceeds from the sale of Ecolab shares
amounted to $2.1 billion, said the company in the report.
Helen of Troy to Acquire
Infusium from P&G
Helen of Troy Limited has entered into
an agreement with The Procter &
Gamble Company (P&G) to acquire the
global Infusium 23 hair care business
for an undisclosed cash purchase price.
Infusium 23, with its 80-plus year heritage, has established a trusted reputation, according to the company.
The brand will be integrated into
Helen of Troy’s Idelle Labs division of
skin and hair care products.