Colgate Palmolive Co
) - a distributor and manufacturer of global consumer goods -
announced an alliance with Omron Healthcare - one of the leading
providers of home healthcare and wellness products. Colgate
Palmolive entered this deal with a view to boost its top line
through better recognition of its products.
This deal will help in formulating innovative ways for oral care
solutions, marking an improvement in oral care solutions for the
consumers around the world. The agreement will be beneficial for
both the companies since they are willing to utilize the best
resources available, to the fullest. Colgate Palmolive's research
and development, universal reach in the market and consumer's
willingness to buy its products will act as strength for this
With this partnership, varied range of electronic toothbrush
will come underway, which will be manufactured based on Omron
technologies and advertised by Colgate Palmolive. The introduction
of the electronic toothbrush will add to Colgate Palmolive's
Management remains confident on this partnership with the
opinion that Omron's modern techniques and strong development
skills will help to boost Colgate Palmolive's top line. Further,
management said that it will remain focused on providing improved
oral care solutions throughout the globe.
We believe the alliance with Omron will help Colgate Palmolive
to provide better services to its customers and will develop a
healthy customer-vendor relationship.
Currently, the company, which faces stiff competition from
Procter & Gamble Co
), carries a Zacks #2 Rank implying a short-term Buy rating. Also,
we maintain a long term 'Neutral' recommendation on the stock.
COLGATE PALMOLI (CL): Free Stock Analysis
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