Nestle, Colgate Team on Oral-Care Items
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Swiss food giant Nestle, whose empire includes sugar-sweetened ice tea, said it was joining with toothpaste maker Colgate-Palmolive Co. to market oral-care products.
The plan of the joint venture is to “pursue on a worldwide basis the development, marketing, distribution and sale of a portfolio of portable oral-care products” that “taste good, clean teeth and freshen breath,” the companies said.
Shares of New York-based Colgate-Palmolive fell 23 cents to $60.65 on the NYSE.
From Associated Press
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