Colgate Prioritizes Growing Brands Over Adding More; Increasing Costs Drive Prices Higher

Colgate is “not in a hurry” to make deals with valuations high for businesses it would target, says CEO Noel Wallace. Increasing commodity costs and rising inflation have the company prioritizing growth on existing businesses.

Sign Prices Up

High valuations of potential acquisition targets on top of volatile market conditions have Colgate-Palmolive Co. focusing on growing brands it’s acquired over the past two years rather than on additional deals.

“We’re not in a hurry to make any deals. Valuations are high,” said president and CEO Noel Wallace during the...

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