Colgate throws its hat in the ring for Nestle’s skin care unit

Colgate throws its hat in the ring for Nestle’s skin care unit

Colgate-Palmolive will be bidding against Unilever for Nestle’s consumer skin health business, according to a report published by Bloomberg.

The oral care specialist and Anglo-Dutch FMCG giant are rumoured to be the only two consumer products companies competing in the auction, after L’Oréal dropped out.

Nestle is said to prefer to sell the unit, which includes Proactiv and Cetaphil brands and is expected to fetch upwards of US$10 billion, as a whole – which could put both Unilever and Colgate at a disadvantage versus the private equity consortiums prepared to take on both the consumer and medical arms.  

When contacted by Bloomberg, L’Oréal, Unilever, Nestle and Colgate all declined to comment.

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