The Procter & Gamble Company
The Procter & Gamble Company was incorporated in Ohio in 1905, having been built from a business founded in 1837 by William Procter and James Gamble. Today, the Company manufactures and markets a broad range of consumer products in many countries throughout the world. The company markets over 300 branded products in more than 160 countries. The company manages its business in five product segments: Fabric and Home Care, Baby and Family Care, Beauty Care, Health Care and Snacks and Beverages. In March 2003, the Company entered into an agreement to acquire a controlling interest in Wella from the majority shareholders.
In September 2003, it completed this purchase of the shares of Wella AG. In June 2004, the company and Wella entered into a Domination and Profit Transfer Agreement (the Domination Agreement). Under the Domination Agreement, they are entitled to exercise full-operating control and receive 100% of the future earnings of Wella.
In June 2004, it purchased the remaining 20% stake of its China venture from its partner, Hutchison Whampoa China Ltd. (Hutchison), giving the Company full ownership of its operations in China. The company's portfolio of trusted brands includes Pampers, Tide, Ariel, Always, Pantene, Bounty, Folgers, Pringles, Charmin, Downy, Iams, Crest, Actonel and Olay. Fabric and Home Care products include dish care, household cleaners, laundry, paper product, and specialty fabric cleaners. Baby and Family Care products include baby care products, paper products and snacks and beverages. Health Care products include health care products, oral care and prescription drugs. Beauty Care products are antiperspirants, deodorants, colognes, cosmetics, feminine protection, hair care, hair color, personal cleansing, prestige fragrances and skin care. Pet Nutrition and care products include pet health nutrition products.
P&G's goal is to deliver continue sales growth in order to exceed its financial goals.