• Business

    Posted on April 1st, 2009

    Written by William

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    Private investors buy African-American hair-care products maker

    Procter & Gamble Co. has sold Johnson Products Co., its African American hair-care products unit, to a local group of private investors including a husband-and-wife team.

    Terms of the deal, announced Tuesday, weren’t disclosed.

    Founded in 1954, Johnson Products has sales of more than $23 million a year. The company, whose brands include Gentle Treatment and Ultra Sheen, offers more than 30 hair-care products.

    Source: LA TImes

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    This entry was posted on Wednesday, April 1st, 2009 at 8:20 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  • 4 Comments

    Take a look at some of the responses we've had to this article.

    1. Mrs. Warren
      Apr 1st

      If this group of “private investors” are not nor do not have at least Black/African descent loved ones which holds a sincere interest in Black hair care, then it is once again a shame that we as Black people ALLOWED a take-over we could have prevented and cured.

      We really need to wake up and stop letting ourselves devoured in every way.

    2. Kenya
      Apr 2nd

      The couple, Renee Cotrell-Brown & hubby Eric Brown were rivals of Johnson care products. Cotrell-brown’s father started the “ProLine” product line. Hopefully their history in the hair care product line devoted to women of color will continue.

    3. Kevin
      Apr 4th

      I wish I could have been one of the investors that bought the hair product. I’ve been using that grease for years. Infact i need to buy a new bottle now. LoL. Is there a way to read more about this deal?

    4. William
      Apr 4th

      Kevin, there is very little info on the actual deal, but you can check out this article on the LA Times website:

      http://www.labusinessjournal.com/article.asp?aID=94238062.4233868.1764269.5879141.7920249.524&aID2=135704

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