November 2002: Glad to make your
Procter & Gamble and Clorox Co. announced an agreement in principle for a joint venture in food wraps and trash bags under the Clorox’s Glad and
GladWare trademarks. Initial arrangements have P&G owning a 10 percent stake in the venture, with an option to purchase an additional 10 percent. November 2002: Whodunit?
Procter & Gamble expanded its Through-Air Drying patent infringement suit this month to include Potlatch, another paper products competitor. As with its suit against Georgia-Pacific, P&G claims that Potlatch hired technical experts away from the company to exploit their knowledge of trade secrets. September 2002: The quicker patent pickerupper
P&G sued rival Georgia-Pacific for allegedly stealing a manufacturing patent for paper towels. According to P&G, Georgia-Pacific hired a technical expert away from the company in July and used his knowledge of the Through-Air Drying process, used to make P&G products Bounty and Charmin, to duplicate his efforts for his new employer. Georgia-Pacific claims the allegations are fabrications.
July 2002: Hair care, both wet and dry
P&G found common ground in American scalps with Panasonic. The two companies enter into a licensing agreement to market and sell a new line of ionic-technology hairdryers under the Pantene Pro-V brand name. May 2002: The divorce turns ugly
Procter & Gamble sued former partner The Coca-Cola Company for patent infringement. P&G claims Coke used P&G technology to add calcium to its Minute Maid juice drinks. The tech in question had been exclusively licensed to PepsiCo subsidiary Tropicana.
Procter & Gamble
Procter & Gamble
April 2002: Dear John
John Pepper stepped down as chairman of the board and president and was replaced by CEO A.G. Lafley.
February 2002: Cutting out the fat
Procter & Gamble sold the olestra production plant in Cincinnati, Ohio to Twin Rivers Technologies for an undisclosed sum. Twin Rivers will continue to operate the facility, supplying olestra to P&G and other customers. November 2001: Hair we go again
P&G acquires top selling Clairol hair products business from Bristol-Myers Squibb. The deal was worth $5 billion dollars.
October 2001: Smucking around with stocks
P&G’s Jif peanut butter and Crisco shortening were spun off to shareholders,
then immediately resold to The J.M. Smucker Company. Shareholders received about $1 billion in Smucker stock, or about 53 percent of the company.
October 2001: Shooting star
Procter & Gamble sold its Comet cleanser trademark and North America retail business to Prestige Brands International for undisclosed terms. P&G retained the marketing rights in Europe, as well as the professional line in North America.
September 2001: Irreconcilable differences
P&G and Coke, unable to reach an agreement on how their joint venture will operate, will go their separate ways. The companies had tried but failed to amend their plans in August.
March 2001: P&G steps up reorganization plans
The company announced the next step in its plans to revitalize performance. These include streamlining of overhead and manufacturing costs as well as a 9 percent workforce cut, or 9,600 jobs. Two-thirds of the cuts come from nonmanufacturing
. 2002 Vault Inc. 20
Procter & Gamble
February 2001: A meeting of giants
Procter & Gamble and The Coca-Cola Company announced plans to form a joint venture. The new business was to develop and market juice drinks and other food products. The companies expected $4.2 billion in annual sales. January 2001: We don’t do floors
Procter & Gamble divested itself of cleaning products Cinch and Spic and Span, selling its interest to a marketing group that would become The Spic and Span Company. P&G holds onto ownership of Professional Line Spic and Span, the institutional adjunct to the product.
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