Helen of Troy Q1
This article was originally published in The Rose Sheet
Firm posts 11.3% increase in revenue to $160.2 mil. and profit jump of 27% to $18.4 mil. in first fiscal 2010 quarter ended May 31, attributed to recent acquisitions of Infusium 23, Pert Plus and Sure (1"The Rose Sheet" March 15, 2010, In Brief). El Paso, Texas firm recorded revenue of $112.2 in its personal-care segment, up nearly 11% from the same quarter a year ago. Helen of Troy plans integration and development of new Pert Plus and Sure product lines in this fiscal year while pursuing "additional acquisitions of complementary businesses or product lines," according to July 8 release
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El Paso, Texas-based company expects acquisition of Innovation Brands' Pert Plus hair-care and Sure antiperspirant/deodorant brands to be accretive upon integration, generating roughly $65 mil. for its Idelle Labs division. Firm hails Pert Plus as a leader in the $2 bil. U.S. shampoo sector "through its pioneering development of the 2-in-1 shampoo and conditioner combination." Recently launched Pert Plus 3-in-1 products (shampoo plus conditioner plus body wash) offer efficiencies for the whole family and for men (1"The Rose Sheet" March 1, 2010, Marketing In Brief). Meanwhile, Sure is "one of the leading brands in the $1.7 bil. U.S. antiperspirant and deodorant category," Helen of Troy says. "Adding [the brands] will enhance our role as a comprehensive provider of solutions for our hair-care and personal grooming consumers and styling professionals." Deal is expected to close by the end of the month, according to March 10 release. Helen picked up Infusium 23 hair care from Procter & Gamble last spring (2"The Rose Sheet" April 6, 2009, In Brief). Its personal-care portfolio also includes Brut men's grooming, Ogilvie hair-straightening treatments and Sea Breeze astringents
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The Minnesota-based medtech giant has had to yank a software used on its SealthStation platforms used to help surgeons navigate a patient’s brain during surgery. However, minor movements by the patient have been found to give false imaging that could endanger the patient’s life.