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Dial Plant Consolidation To Achieve $6 Mil. In Annual Savings

This article was originally published in The Tan Sheet

Executive Summary

Dial is predicting pre-tax savings of $6 mil. annually through plant consolidation efforts in the U.S. and Argentina, President and CEO Herbert Baum said during the Prudential Securities "Back-To-School" consumer products conference in Boston Sept. 5.

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Consumer products firm to record tax write-off of $200 mil. from sale of "troubled" Specialty Personal Care division to Hathi Group (Chicago), company announces Aug. 28. Dial, Coast soap marketer will focus on core brand growth, lowering operating costs as it continues to seek a buyer for remaining operations (1"The Tan Sheet" Aug. 6, In Brief)


Consumer product firm puts itself on selling block after board of directors determined it would be difficult to keep the company operating independently. Dial and Coast marketer had been considering divesting specialty brands, but believes sale of complete operation would be more tax-effective. Potential acquirers could be Kao Corp. (Japan), Unilever (UK/Holland) or Henkel (Germany)

Dial Complete Kills 10 Times More Germs Than Regular Soaps - CEO

Dial Complete antibacterial foaming hand wash will generate $25 mil. to $30 mil. in first-year sales following its 2001 introduction, Dial President & CEO Herbert Baum stated at an investor meeting in New York Sept. 21.

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