Tide honors Team USA with flag
CINCINNATI — As part of its "My Story. Our Flag." project, Tide unveiled a special flag — created in honor of Team USA — in New York’s Bryant Park on Tuesday.
The 117-ft.-by-52-ft. flag, a larger-than-life artistic rendition of the American flag, features nearly 1,500 stories collected from Tide’s Facebook and Twitter followers. Each piece of fabric making up the flag was washed in Tide prior to being sewn together, the brand said.
"Every two years during the Olympic Games, the pride we have for the red, white and blue swells as people celebrate our country’s athletes," said Alex Keith, VP of P&G North American fabric care. "We’re excited to honor Team USA with this beautiful flag created for the ‘My Story. Our Flag.’ project."
As part of the project, Tide has partnered with three Olympic athletes — including distance runner Lopez Lomong, cyclist Sarah Hammer and wrestler Henry Cejudo — and actress and singer Katharine McPhee, all of which have inspiring stories that Tide said are great examples of the rich and diverse stories we all have.
I am so thrilled to be a part of this inspirational flag," Katharine McPhee said. "To see what the red, white and blue mean to Americans across this country truly reminds us why it’s so great to be an American and gets me very excited to root on Team USA during this year’s Olympic Games."
Consumer packaging company Rexam to sell personal care business
LONDON — Rexam, a global consumer packaging company, is looking to shed its personal care business for $709 million in cash.
The business is being sold in two parts: the cosmetics, toiletries and household care products business, and the High Barrier Food packaging business. An affiliate of Sun Capital Partners, a private equity firm, has made a binding offer for the cosmetics, toiletries and household care products business for $459 million in cash. A subsidiary of Silgan Holdings, a U.S.-based supplier of packaging for consumer goods products, has agreed to acquire the High Barrier Food packaging business for $250 million in cash.
The transactions are expected to complete in third quarter 2012 for HBF and fourth quarter 2012 for CTH, and are conditional on certain regulatory approvals.
In total, the personal care business employs some 7,000 people in Europe, the United States and Asia.
The personal care division is a supplier of packaging solutions, including fragrance pumps, lotion pumps, lipstick packaging and makeup cases. The Rexam personal care division’s customers include such brands as Procter & Gamble, L’Oréal, YSL, LVMH, Unilever and others throughout the Americas, Europe and Asia.
NACDS Marketplace exhibitors donate consumer products to Denver-area nonprofits
ALEXANDRIA, Va. — The National Association of Chain Drug Stores announced on Tuesday the donation of 9,500 lbs. of consumer goods to be dispersed to various charitable organizations throughout the Denver area, following the completion of the recent NACDS Marketplace Conference.
NACDS Marketplace exhibitors donated leftover products ranging from cosmetics, health and hygiene products, food and beverages and household supplies, to other consumer products available in retail pharmacies.
Working with the Colorado Convention Center and United Way, NACDS donated the consumer products to several charitable organizations to be dispersed to those in need in the Denver area. The nonprofit charitable organizations accepting the donations are:
Florence Crittenton School — Provides education, career guidance and parenting skills to help teen parents raise healthy families and become self-sufficient members of the community;
Urban Peak — Helps homeless youth and youth at risk of becoming homeless overcome real-life challenges by providing essential services and a supportive community, empowering them to become self-sufficient adults;
St. Francis Center — Assists men and women who are homeless, providing shelter and other services that enable them to meet their basic needs for daily survival and to transition out of homelessness;
Senior Support Services — Provides resources and support for senior citizens who are homeless, offering meals, access to medical care and counseling, and support services to help them lead more self-sufficient and fulfilling lives.
"We cannot thank NACDS’ associate members enough for their generosity in donating consumer products at the conclusion of the Marketplace Conference," stated NACDS president and CEO Steve Anderson. "During these challenging economic times, these products will help many of those in need in the Denver community. We appreciate the work of the Colorado Convention Center and United Way in helping to ensure that Denver’s most vulnerable citizens receive these products to care for themselves and their families."
“What a wonderful contribution the National Association of Chain Drug Stores made to our community,” added Richard Scharf, president and CEO of Visit Denver. “Not only did NACDS bring $6.6 million to Denver’s economy as a result of the Marketplace Conference, but they also donated a wide range of health and hygiene products, food and beverages and household supplies to some of our citizens most in need. That was a beautiful gesture, and on behalf of Denver’s tourism industry and our 50,000 employees, we would like to thank NACDS for all they did for Denver.”