Tom's of Maine explained

Tom's of Maine
Industry:Personal care products
Founded:
Founders:Tom and Kate Chappell
Hq Location City:Kennebunk, Maine
Hq Location Country:U.S.
Areas Served:-->
Key People:Esilda Seng
Products:Non-toxic/natural emphasis
Owners:-->
Parent:Colgate-Palmolive

Tom's of Maine is a U.S. manufacturer of natural personal care products. Tom's of Maine has been a majority-owned subsidiary of Colgate-Palmolive since 2006.[1] The company was founded in 1970 by Tom Chappell and Kate Chappell (née Cheney) in Maine, United States.

History

Tom's of Maine was founded by Tom and Kate Chappell in 1970 with a $5,000 loan, eventually growing into a $100 million business.[2] [3] The company is based in Kennebunk, Maine, and is a subsidiary of the multinational conglomerate Colgate-Palmolive, as of 2006.[4] Tom's of Maine has approximately 120 employees.[5] The company also employs factories elsewhere in the US and Canada via contract to produce some of their products.

The company's products are sourced and derived from nature, with formulas that are free of artificial flavors, fragrances, colors, sweeteners, and preservatives.[6] [7] [8] The products are not tested on animals, and the company claims that its ingredient processing is supportive of human and environmental health. While most of the company's products are vegan, some products contain propolis and/or beeswax sourced from bees.[9]

Acquisition

In 2006, a controlling 84% stake in Tom's of Maine was purchased by Colgate-Palmolive for $100 million;[10] the Chappells own the remaining sixteen percent. The acquisition was significant in getting more consumers to try Tom’s of Maine products.[11]

The terms of the purchase stipulate that the policies and company culture of the Tom's of Maine brand will be retained.

References

  1. Web site: Colgate Purchasing Tom's of Maine - Tom's of Maine.
  2. Web site: Tom's Of Maine: Tom Chappell . NPR.
  3. Web site: Why the Tom's of Maine Founder Thinks He Can Create the Next Patagonia . Inc..
  4. Web site: 2006-03-21 . Colgate Buys Tom's Of Maine For $100M - CBS News . 2024-07-10 . www.cbsnews.com . en-US.
  5. Web site: Fact Sheet. 2021-03-25. www.tomsofmaine.com. en-AU.
  6. Web site: Stewardship Model . live . https://archive.today/20220216092451/https://www.tomsofmaine.com/our-promise/stewardship-model . 16 February 2022 . 16 February 2022 . Tom's of Maine . en-US.
  7. Web site: Ingredients . live . https://archive.today/20220216091701/https://www.tomsofmaine.com/our-promise/ingredients . 16 February 2022 . 16 February 2022 . Tom's of Maine .
  8. Web site: What's not in our Products . live . https://archive.today/20220216091117/https://www.tomsofmaine.com/our-promise/stewardship-model/not-in-our-products . 16 February 2022 . 16 February 2022 . Tom's of Maine .
  9. Web site: Ingredient Fact Sheet: Propolis - Tom's of Maine . https://web.archive.org/web/20081207071726/http://www.tomsofmaine.com/toms/ifs/propolis.asp . December 7, 2008 . July 28, 2011 . Tom's of Maine . At Tom’s of Maine, the propolis we use is harvested carefully, ensuring that no bees are harmed in the process. . 302 Lafayette Center, Kennebunk, ME, 04043.
  10. News: Colgate expands reach of quirky toothpaste . . . . March 22, 2006 . July 28, 2011.
  11. Web site: Tom's of Maine launches $3M campaign to connect children with the outdoors . 2024-07-10 . Mainebiz . English.

External links