Dial
This article was originally published in The Tan Sheet
Executive Summary
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)
You may also be interested in...
Dial Plant Consolidation To Achieve $6 Mil. In Annual Savings
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.
Dial
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)
Supplement GMP Warning Letters Make Modest Debut In 2010
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC