Super Rad in talks to develop Mr. Bubbles-branded bubble products, toys
LOS ANGELES — A new line of bubble products and toys sold under the Mr. Bubbles brand may soon make its way to retail.
Super Rad Industries announced that it is slated to manufacture and distribute a variety of products, including the original Mr. Bubbles in a bottle and the Mr. Bubbles figure bank, through a licensing deal that currently is being negotiated between the two companies. Super Rad also said that it is planning to develop a line of licensed Mr. Bubbles products that will feature some of the most well-known brands and characters.
"We are very interested in developing such an esteemed brand as Mr. Bubbles. It has such a rich history in the toy industry and is an all-time favorite," Super Rad CEO Christopher LeClerc said. "We are looking into moving the entire manufacturing operation to Los Angeles. Super Rad is proud that we will be able to produce a made in the USA product."
Unilever completes Alberto Culver acquisition
LONDON and ROTTERDAM, Netherlands — Unilever has completed its $3.7 billion acquisition of Alberto Culver after obtaining the necessary regulatory clearances to do so, the companies jointly confirmed on Tuesday.
With the acquisition, Unilever becomes the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in styling. Alberto Culver generated annual sales in excess $1.6 billion in fiscal year 2010.
As previously reported by Drug Store News, Unilever will divest the Alberto VO5 brand in the United States from the Alberto Culver portfolio and the Rave brand from the Unilever portfolio.
Helen of Troy reports positive Q4, fiscal-year results
EL PASO — Helen of Troy Limited, a designer, developer and marketer of brand-name household and personal care consumer products, posted a boost in fiscal year revenues in its personal care segment, primarily reflecting its March 2010 acquisition of the Pert Plus and Sure brands.
For the fiscal year ended Feb. 28, net revenue in the personal care division increased 9.4% to $491 million, compared with $449 million in the year-ago period.
For the fourth quarter, the segment posted net revenue of $113 million, up 11%, compared with $102 million in the year-ago period.
On a companywide basis, fiscal year revenue rose 20% to $777 million.
Fourth-quarter revenue soared 55.8% to $237 million.
"We are very pleased with our record fourth quarter and record fiscal-year results. We continue to make progress in achieving our strategic business objectives initiated during the past year. During the fourth quarter, we utilized $77.5 million of our available cash and $194 million of financing for the acquisition of the Kaz business, giving us entry into exciting new product categories, under the well-known and recognized Vicks, Braun and Honeywell brand names," Helen of Troy chairman, president and CEO Gerald Rubin said.
As previously reported, Helen of Troy completed the acquisition of Kaz on Dec. 31, 2010, creating the company’s new healthcare/home environment segment.