🠈 Proctor & Gamble 🠊
Proctor and Gamble is a conglomerate that holds several hundred household brands.
The company was founded in 1837 in Cincinnati by William Proctor and James Gamble. These two immigrants had married the daughters of Alexander Norris (Elizabeth and Olivia). On Alexander's suggestions they combined their candle making and soap making companies.
The company's success lays with its creation of research labs and profit sharing.
- 1837: Company founded in Cincinnati.
- 1851: Company created its moon-and-stars symbol.
- 1878: P&G introduces White Soap which it later renamed Ivory Soap.
- 1890: Company incorporated as The Procter & Gamble Company.
- 1911: P&G introduced Crisco, an all vegestable shortening.
- 1946: P&G introduced Tide laundry detergent.
- 1955: P&G introduced Crest brand of toothpaste.
- 1955: P&G acquired Big Top which made Jif Peanut Butter
- 1946: William T Young founded W. T. Young Foods, Inc. which made "Big Top" peanut butter.
- 1958: P&G added sugar and rebranded the project as Jif Peanut Butter
- 2002: Smuckers acquired the brand.
- 1957: P&G acquired Charmin Paper Company
- 1961: P&G introduced Pampers disposable diapers.
- 1963: P&G acquired Folgers brand of coffee.
- P&G spun off Folgers as a "Reverse Morris Trust" which was then acquired by Smuckers.
- 1982: P&G acquired Norwich-Eaton Pharmaceuticals.
- 1985: P&G acquired Richardson-Vicks Company which owned Vicks, NyQuil, and Oil of Olay brands.
- 1988: P&G acquired Noxell Corporation owner of Noxema and Cover Girl brands.
- 1991: P&G purchased Max Factor and Betrix from Revlon, Inc..
- 1992: P&G introduced Pantene Pro-V shampoo.
- 1993: P&G cut 13,000 jobs in a major restructuring.
- 1997: acquired Tambrands, Inc. which made the Tampax line of tampons.
- 1999: P&G acquired Iams Company which makes dog food.
- 2001: P&G acquired the Clairol line of hair-care products from Bristol-Myers Squibb Company.
- 2002: P&G spun off Jif peanut butter and Crisco in a private company that was bought up by Smuckers.
- 2003: P&G acquired controlling interest in German hair-care firm Wella AG.
- 2005: P&G acquired The Gillette Company in a $57 billion deal
History of Gillette
- 1901: King C. Gillette founded American Safety Razor.
- 1904: Company patented King Gillette's safety razor.
- Gillette manufactured razors and blades for soldiers during World War I.
- 1955: Gillette acquired the Frawley Pen Company which made a ballpoint pen. This became the Paper Mate brand.
- 1960: Gillette introduced Right Guard brand of deodorant.
- 1967: Gillette acquired Braun AG which makes electric razors is acquired.
- 1980: Gillette acquired Liquid Paper and Waterman stationery products.
- 1984: P&G acquired Oral-B
- 1950: Dr. Robert W. Hutson filed U.S. Patent No. 160,604 and began making the Hutson Toothbrush with the brand Oral-B
- 1996: Gillette acquired Duracell which makes batteries
- 2000: Newell Rubbermaid acquired Gillette's stationery product division.
- 2006: Gillette sold the Right Guard brand to The Dial Corporation, a subsidiary of Henkel.
- 2008: P&G spun off Folgers as a Reverse Morris Trust which was then acquired by Smuckers.
- 2009: P&G acquired The Art of Shaving which is a chain of stores selling shaving products.
- 2018: P&G acquired Walker & Company which made the Bevel line of razors
Tristan Walker founded the company in 2013 to make single blade razors for people of African descent who have curly beards.
References:
- CNN - P&G to Buy Gillette (Drawn 5/27/2019)
- Funding Universe - Proctor and Gamble (Drawn 5/27/2019)