All Things Maine
All Things Maine

Tuesday, March 21, 2006

Tom's of Maine Sold

A majority interest in eco-friendly company Tom's of Maine—based in Kennebunk—has been sold to Colgate-Palmolive for $100 million. The company was founded in 1970 by Tom and Kate Chappell with a $5,000 loan from a friend.
Tom's of Maine will remain based in Kennebunk, Maine. The company, which has nearly 200 employees, also makes mouthwash, floss, deodorant, soap and shaving cream. Its products do not contain artificial sweeteners, preservatives, colors, flavors or animal ingredients, and are tested without the use of animals.
Tom's of Maine's donates 10 percent of its profit to charitable organizations and encourages its employees to use 5 percent of their paid time for volunteer work. [Link]
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At 11:34 AM, March 22, 2006, Blogger Michelle Souliere said...

*splutter splutter splutter*

.... *sigh*

Is it just me, or does it seem like everyone is selling out? Bah.


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