GMA names VP industry affairs
WASHINGTON — The Grocery Manufacturers Association has named Elise Fennig as VP industry affairs.
“GMA’s Industry Affairs practice provides a unique value proposition to our members,” GMA president and CEO Pamela Bailey said. “The addition of Elise Fennig strengthens the association’s ability to foster growth and value chain efficiency through greater collaboration among retailers, manufacturers and suppliers. Based on her track record in industry relations, membership services and public affairs in the consumer packaged goods (CPG) industry, I know she will add tremendous value to GMA’s growth agenda.”
Fennig comes to GMA from the American Frozen Food Institute, where she developed a strong reputation as a leader for her role managing the Institute’s public and industry affairs initiatives. She most recently served as VP member services at AFFI. In addition, Fennig served as executive director of the Frozen Food Foundation.
“I am thrilled to be joining the GMA team and to have the opportunity to continue serving America’s leading CPG companies,” said Fennig. “The industry affairs group exists to identify and open pathways for growth and to facilitate industry collaboration, and I look forward to working with GMA staff and with retail and manufacturing leaders to advance this critically important mission.”
In her new position, Fennig will direct and manage GMA’s industry affairs initiatives and projects within the supply chain management and technology, sales and sales promotion and industry performance practice areas. She will report to Sean McBride, senior vice president, communications and marketing, and will begin her new assignment on Oct. 1.
Physicians Formula receives acquisition proposal
AZUSA, Calif. — Beauty brand Physicians Formula Holdings has received an unsolicited, nonbinding proposal to acquire all its outstanding shares of common stock at a price of $4.90 per share.
The proposal is subject to several conditions, including the completion of due diligence and securing of financing commitments by the third party who submitted the proposal and the negotiation of a mutually acceptable definitive agreement.
In accordance with the terms of the merger agreement that was entered into on Aug. 14 between the company and affiliates of private equity firm Swander Pace Capital, the company and its representatives are in discussions and negotiations with the third party who submitted the acquisition proposal.
As discussions and negotiations with the third party could terminate at any time, the company stated that its board of directors has not changed its recommendation with respect to the company’s pending merger with affiliates of Swander Pace Capital to be effected pursuant to the merger agreement. The company’s board of directors is continuing to evaluate the acquisition proposal.
Cetaphil, Camp Wonder team up to help children with serious skin diseases
FORT WORTH, Texas — The Cetaphil line of cleansers and moisturizers from Galderma Labs has teamed up with Camp Wonder, an initiative of the Children’s Skin Disease Foundation, and will sponsor the organization by donating a portion of the proceeds of a special-edition moisturizing cream, available exclusively at Walgreens. The brand also is granting $100,000 to fund camp activities and more.
The official partnership kicked off in June to coincide with the annual Camp Wonder.
Camp Wonder is a medically staffed summer program that gives children ages 7 to 16 years, who suffer from serious and fatal skin diseases, the opportunity to feel "normal" and simply have fun. The weeklong camp is fully funded by The Children’s Skin Disease Foundation, an organization founded in May 2000 by Francesca Tenconi. As an adolescent, Tenconi suffered from a potentially life-threatening skin disease and missed out on normal childhood activities. Throughout her treatment, she met other kids who suffered from skin problems that never got the chance to attend a summer camp. She wanted to use her experience to help others, so on her 16th birthday, she asked friends and family to help her create a charity instead of giving her gifts. Days later, Tenconi formed the CSDF and in 2001 she launched Camp Wonder.
The Cetaphil brand’s sponsorship of Camp Wonder will take shape through various initiatives. To raise awareness of Camp Wonder, a special-edition of its Cetaphil moisturizing cream features artwork created in collaboration with Tenconi and will be sold exclusively through Walgreens. A portion of the proceeds from the sale of each jar will go to Camp Wonder and the CSDF. Galderma Labs employees volunteered at this year’s camp and provided Cetaphil products to use on site. Since many families are burdened by the cost of care, Cetaphil also will supply a grant for campers to receive Cetaphil products throughout the year to care for their skin. And Cetaphil has enlisted the help of celebrities to sign cards that will be given to campers. For each card signed, Cetaphil made an additional donation equivalent of the cost of sponsoring one child to attend camp.
The special-edition Cetaphil moisturizing cream, priced at $14.99, will be available beginning September at Walgreens stores.