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December 24, 1997 | Bloomberg News
Bristol-Myers Squibb Co. will buy closely held Redmond Products Inc. for an undisclosed amount of stock. Family-owned Redmond Products of Chanhassen, Minn., is the maker of the Aussie premium-price hair-care line, and with annual sales of $130 million, is one of the largest closely held hair-care companies in the U.S. Bristol-Myers executive Steve Sadove said the acquisition would strengthen Bristol-Myers' position as the U.S.' leading hair-products company.
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BUSINESS
December 24, 1997 | Bloomberg News
Bristol-Myers Squibb Co. will buy closely held Redmond Products Inc. for an undisclosed amount of stock. Family-owned Redmond Products of Chanhassen, Minn., is the maker of the Aussie premium-price hair-care line, and with annual sales of $130 million, is one of the largest closely held hair-care companies in the U.S. Bristol-Myers executive Steve Sadove said the acquisition would strengthen Bristol-Myers' position as the U.S.' leading hair-products company.
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