Barbasol sale
This article was originally published in The Rose Sheet
Executive Summary
Pfizer's men's shaving business acquired by Dublin, Ohio-based Perio to complement its existing portfolio, which includes Hers shave creams and Nudit depilatory products. With 2000 sales of $18 mil., 11-SKU Barbasol line is widely-distributed, well-recognized brand with "rich heritage" and low price points, Perio says. Divestiture is not indicative of effort to jettison or downsize shaving business, Pfizer maintains. Pharmaceutical firm also markets Schick brand; Pfizer shaving care category accounts for sales of $790 mil., according to the firm