Deals
Colgate Joins Bidding for Nestle Skin-Health Business
- Firm joins Unilever in bidding for Cetaphil, Proactiv units
- Nestle’s entire skin-health unit may fetch up to $10 billion
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Colgate-Palmolive Co. is among bidders for the consumer arm of Nestle SA’s skin-health business, people familiar with the matter said, joining an auction process that’s been dominated by private equity firms.
Colgate and Unilever NV are both bidding for the consumer-focused part of Nestle’s business, which includes brands such as Cetaphil moisturizers and cleansers and the Proactiv acne treatment, the people said, asking not to be identified as the details aren’t public.