Tom's of Maine Turns Around
Tom's of Maine, the purveyor of natural and organic body care products, has accepted an offer from the Colgate-Palmolive Company for $100 million dollars. This is a change of opinion since in previous years, Tom's of Maine has made negative comments regarding the use of artificial ingredients in the products created by their future parent company. Founder Tom Chappell claims "We have a commitment from Colgate that our formulas won't be tampered with."
Read more about it in this article on the Boston Globe's website.
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Posted by at April 9, 2006 12:40 AM