PZ Cussons

PZ Cussons plc
Public
Traded as LSE: PZC
Industry Cosmetics, Soaps, Gels, Dairy Household chemicals, & Natural Oils
Founded 1879
Founder George Paterson, George Zochonis
Headquarters Manchester, England
Products Imperial Leather, Soaps, Shampoos, Gels, Milk, Olive Oil, Detergents & Healthcare Products.
Revenue £821.2 million (2016)[1]
£108.5 million (2016)[1]
£69.7 million (2016)[1]
Number of employees
 4,998 (2016)[1]
Website www.pzcussons.com

PZ Cussons is a major British manufacturer of personal healthcare products and consumer goods. It operates worldwide, especially in Africa and Commonwealth nations. The company is listed on the London Stock Exchange and a constituent of the FTSE 250 Index.

History

PZ Cussons was founded in 1975, when the firm took over Cussons Soap from the Cussons family, who founded the firm in 1938.[2] The British-owned company expanded its operations into nearby Nigeria before the end of the 19th century.[2] PZ expanded considerably during the 20th century, acquiring factories and establishing offices in Ghana and Kenya.[2] It was one of three or four firms which commercially dominated Guinea as a colony before 1958.[3] In 1975 the Company acquired Cussons Group (founded by Thomas Cussons).[2] Later that century more offices and factories were acquired in Asia, with PZ's first factory built in Thailand in 1986,[2] and operations expanded into Indonesia in 1988.[2] In 1993 PZ bought the state-owned Pollena Wroclaw in Poland,[2] followed in 1995 by Pollena Uroda[2] and in 2002 Paterson Zochonis plc was renamed PZ Cussons plc.[2]

In 2004 PZ Cussons sold the 1001 Carpet Cleaner brand to the American WD-40 Company for £6.2 million.[4] In 2005 PZ Cussons closed its Nottingham factory (founded by Gerard Bros.), and relocated the operations to Thailand.[5] In 2006 PZ Cussons announced a plan to move its remaining English factory from Kersal to Swinton, both in the City of Salford.[6] In 2008 PZ Cussons acquired the Sanctuary Spa and Sanctuary products business.[7]

Operations

An Imperial Leather soap bar

PZ Cussons Group has a marketing presence in Europe, Africa and Asia.[8] PZ Cussons has factories in Salford, Nigeria, Thailand, Indonesia, Australia, Greece, Kenya, and Poland.[9] PZ Cussons' main brand is the Imperial Leather range of soaps, bath and shower and cosmetic products.[10] PZ Cussons operates a joint venture electrical superstore in Lagos, Nigeria and also operates in Ghana.[11]

References

  1. 1 2 3 4 "Annual Results 2016". PZ Cussons. Retrieved 23 April 2017.
  2. 1 2 3 4 5 6 7 8 9 PZ Cussons: Our history
  3. ↑ Thomas O'Toole, Historical Dictionary of Guinea, Scarecrow Press, 1978, p. 55
  4. ↑ Hall, W. (11 February 2004). "Weak dollar slows down PZ Cussons". Financial Times. London.
  5. ↑ "UK Business Park - B2B Sales Leads & Company News". ukbusinesspark.co.uk. Retrieved 31 March 2015.
  6. ↑ "Soap maker reveals £15m factory plans". Manchester Evening News. 2 August 2006.
  7. ↑ Cussons buys Sanctuary Spa brand for £75m Brand Republic, 30 January 2008
  8. ↑ PZ Cussons: Our markets
  9. ↑ "Profits fail to scrub up at PZ Cussons". The Manufacturer. 24 July 2012. Retrieved 10 April 2016.
  10. ↑ "Imperial Leather soap maker PZ Cussons all in a lather over turmoil in African markets". This is money. 22 July 2015. Retrieved 10 April 2016.
  11. ↑ "UPDATE 2-PZ Cussons boosted by strong trading in Nigeria". Reuters UK. Retrieved 31 March 2015.
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