Colgate to acquire Filorga Skin Care business for $1.7bn.

Colgate, a global consumer products company, agreed to acquire Laboratoires Filorga Cosmétiques Skin Care business, an anti-aging skincare brand focused primarily on facial care, for $1.7bn. “Filorga is a strong, premium-priced brand with distinctive positioning that fits well within our long-term personal care growth strategy. We are excited that this acquisition will add a high-growth, profitable, global skin care asset to the Colgate portfolio with the opportunity to drive continued growth through expanded distribution and awareness. This acquisition also provides Colgate entry into the fast-growing and sizeable travel retail channel, particularly in Asia,” Noel Wallace, Colgate’s President and CEO.