sition is not included. Key products that helped drive the
gain included DryExx, a waterless conveyor lubricant that
reduces the need for water consumption on beverage filling
lines. Another sales driver was Octave FS, a patent-pending EPA-registered peroxyoctanoic acid-based foaming sanitizer and disinfectant that eliminates the post-rinse
process for food contact surfaces.
The recession and higher fuel prices put a big dent in
vehicle care sales, which fell 10%. Luckily, Ecolab didn’t sit
still waiting for the recession to end. In the meantime, the
company launched Blue Coral Beyond Green, a sustainability program that offers a range of products that conserve water and energy.
Sales within the pest elimination business rose 7% with
gains in all core segments. During the year, the division
launched an improved CheckPoint Rodent Program and
Exterior Fly Bait Station.
Finally, GCS Service sales declined 1%.
Within the international business, Europe, the Middle
East and Africa (EMEA) accounted for 34% of sales, followed by Asia Pacific (8%), Latin America (4%) and Canada
(3%). Business in the EMEA region rose 3%. During the
year, the company set up headquarters in Zurich.
Sales in Canada rose 6% on the strength of a number of
launches based on sustainable solutions, including
CheckPoint Rodent program and DryExx dry lube.
The Asia Pacific region reported an 8% sales gain.
Ecolab was a supplier to the Beijing Olympics, a role it has
fulfilled in 14 of the 16 previous Olympic Games.
In Latin America, sales jumped 15% as all regions
reported double-digit gains. Growth was achieved in food
retail and pest elimination segments.
Despite all the positives, in January Ecolab announced
a restructuring program that is expected to result in pretax
savings of $70-80 million. The restructuring program calls
for a 4% reduction in the global workforce (about 1000 positions), trimming the number of SKUs by 40% and optimizing formulas to reduce environmental and cost impact,
optimizing the supply chain by closing plants and distribution centers and closing two non-strategic healthcare businesses.
It will take a while for these moves to have any impact.
In the meantime, for the first quarter of 2009, sales fell 8%
to $1.3 billion and net income fell 44% to $57.4 million.
Looking for Unilever?
The International Top 30, our look at the biggest
companies with headquarters outside the U.S., is
published in the August edition of HAPPI.
New York, NY 10016
Sales: $4 billion
Sales: $4 billion for the year ended June 30, 2008.
Key Personnel: Bernd Beetz, chief executive officer, Coty Inc.;
Peter Harf, chairman, Coty Inc.; Sergio Pedreiro, chief
financial officer; Michele Scannavini, president, Coty
Prestige; Hans-Renato Semerari, president, Coty Beauty;
Darryl McCall, executive vice president, global operations,
Coty Inc.; Géraud-Marie Lacas-sagne, senior vice president,
Major Products: Coty Prestige—
Fragrances, toiletries, color
cosmetics, skin care, sun
care and personal care
products marketed under
a variety of brand names.
Prestige brands include
Baby Phat, Balenciaga,
Calvin Klein, Cerruti,
Chloé, Chopard, Davidoff,
Jennifer Lopez, Jette Joop,
Jil Sander, Joop!, Karl
Lagerfeld, Kenneth Cole,
L.A.M.B. fragrance Gwen
Stefani, Lancaster, Marc
Jacobs, Nautica, Nikos,
Phat Farm, Sarah Jessica
Parker, Vera Wang, Vivienne
Westwood. Beau-ty brands
include Adidas, Aspen, Astor,
Celine Dion, Chupa Chups, David & Victoria Beckham,
Desperate Housewives, Esprit, Ex’ cla.ma’tion, Halle Berry,
Isabella Rosselini, Jovan, Kate Moss, Kylie Minogue, Miss
Sixty, Miss Sporty, Pierre Cardin, Playboy, Rimmel, Shania
Twain, Stetson, Vanilla Fields.
CK One Summer debuted
New Products: Del Laboratories (acquisition). To be
launched: Faith Hill fragrance (Fall 2009), Daisy by Marc
Jacobs, Silver Edition (Fall 2009).
Comments: Through astute acquisitions and licensing partnerships, Coty Inc. has achieved a leadership position in