Helen of Troy acquires Kaz business
EL PASO, Texas — Helen of Troy Limited last month entered into a definitive merger agreement to acquire the business of Kaz for $260 million in cash, subject to certain closing working capital and other adjustments. Kaz manages the Vicks and Braun brand names under license from Procter & Gamble, Honeywell under license from Honeywell and its owned brands, Stinger, SoftHeat and Kaz. Kaz sales for the ensuing 12 months ending Dec. 31, 2011, are expected to exceed $400 million, Helen of Troy stated.
Cessation shelf is smokin’
PITTSBURGH — The Centers for Disease Control and Prevention and the Food and Drug Administration last year initiated programs that will breathe new life into sales of smoking-cessation products. The surgeon general issued a report titled “How Tobacco Smoke Causes Disease,” and the FDA will be mandating that tobacco manufacturers have smoking-is-bad-for-you messages on packaging.
Cessation market leader GlaxoSmithKline also has been actively promoting the category, signing “Celebrity Rehab’s” Dr. Drew Pinsky as the spokesman for the franchise and launching its Nicorette Mini-Lozenge last spring.
Shelving unit prevents mass shoplifting
HICKSVILLE, N.Y. — New Business Solutions recently introduced its Product Protection System, a loss-prevention shelving solution. The new shelving unit helps thwart professional shoplifting groups by eliminating the ability to sweep a shelf by dumping an entire shelf of merchandise into a duffel bag at once.
However, the unit does not inhibit legitimate customers from accessing the product. The gravity feed front orientation of a PPS designed to display baby formula, for example, allows one canister of formula to be dispensed at a time. There is a 20-second delay before another canister can be accessed, and no power supply is required, the company stated. The PPS can be customized to accommodate various product sizes and fit into an assortment of planograms, the company noted.
Drug Store News inadvertently misidentified “New Business Solutions” as “National Business Solutions” in our Dec. 13, 2010, issue. Above is the corrected story.