Colgate-Palmolive Company offers consumer products around the world. Founded in the year 1806, the company celebrated its bicentennial anniversary in 2006. Colgate-Palmolive Company manufactures and distributes a diverse range of consumer items, incl
Colgate-Palmolive Company offers consumer products around the world. Founded in the year 1806, the company celebrated its bicentennial anniversary in 2006. Colgate-Palmolive Company manufactures and distributes a diverse range of consumer items, including household, personal care, healthcare as well as veterinary products. It markets several renowned brands like Colgate, Ajax, Irish Spring, Fabuluso, EltaMD, Palmolive, La Croix, Cibaca, to name some. Colgate-Palmolive Company stocks trade on the New York Stock Exchange (NYSE) under the ticker symbol CL.
The company first started out as a starch, soap and candle factory named William Colgate & Company in New York. The company underwent a reorganisation in 1857 as Colgate & Company and began selling its first Colgate Toothpaste in small jars in 1873. In 1896, the company sold its first toothpaste in a tube. In 1898, the B.J Johnson Company was selling soap made with palm oil and olive oil. The product garnered such popularity that its company renamed itself after it – Palmolive. It merged with the Peet Brothers, and this combined entity acquired the Colgate Company in 1928, creating the Colgate-Palmolive-Peet Company. However, Peet was dropped from the company’s name in 1953, leaving it with its present name.
CL is headquartered in New York, United States, with its business operations spanning across the globe, covering all key geographical regions. Few countries with its corporate offices include Germany, France, Peru, India, Russia, South Africa, Singapore, Italy, Brazil, Ukraine, Turkey, Vietnam, China, among others. As of 2020, it ranked 203rd on the list of Fortune 500 and 494th on Forbes’ Global 2000 companies. Colgate-Palmolive Company was also recognised for its proactive efforts towards corporate responsibility by Forbes, Ethisphere, Newsweek and Fortune.
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