Carter-Wallace

Last updated
Carter-Wallace
Type Public
Industry Pharmaceutical
Founded1859
FounderJohn Samuel Carter
DefunctMay 8, 2001 (2001-05-08) in Erie, Pennsylvania, United States
FateAcquired by Church and Dwight and Kelso & Company
Number of employees
3320 (2000)

Carter-Wallace was a personal care company headquartered in New York City. [1] [2] The company was formed by the merger of Carter Products and Wallace Laboratories. [3] The company had a research facility in Cranbury, New Jersey. [4]

Contents

History

The company was formed as Carter Medicine Company which was incorporated in 1880 by John Samuel Carter of Erie, Pennsylvania. John Carter died in 1884 and his son, Samuel Carter took over. [2] John Higgins Wallace Jr., a research chemist from Princeton, New Jersey was hired and he formulated Arrid deodorant in 1935. [2] [3]

In 2001 the consumer product line was sold to Church and Dwight and MedPointe bought the diagnostics and drug businesses. [5] [6]

CEOs

Timeline

Carter Medicine Company was unrelated to Carter's Little Liver Pills. Carter Medicine Company (3092753925).jpg
Carter Medicine Company was unrelated to Carter's Little Liver Pills.

Products

Related Research Articles

Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines and nutritional products. It split off its research-based pharmaceuticals business into AbbVie in 2013.

<span class="mw-page-title-main">Roche</span> Swiss multinational healthcare company

F. Hoffmann-La Roche AG, commonly known as Roche, is a Swiss multinational healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. Its holding company, Roche Holding AG, has shares listed on the SIX Swiss Exchange. The company headquarters are located in Basel. Roche is the fifth-largest pharmaceutical company in the world by revenue and the leading provider of cancer treatments globally.

<span class="mw-page-title-main">Church & Dwight</span> American consumer goods company

Church & Dwight is an American consumer goods company focusing on personal care, household products, and specialty products. The company was founded in 1847 and is headquartered in Ewing, New Jersey. It is the parent company of well-known brands such as Arm & Hammer, Trojan, OxiClean, and First Response. In 2022, Church & Dwight reported annual revenue of $5.4 billion. The company's products and services include a wide range of consumer goods, including laundry detergent, air fresheners, baking soda, condoms, pregnancy tests, and oral hygiene products.

<span class="mw-page-title-main">Trojan (brand)</span> Brand of condoms and sexual lubricants

Trojan is a brand name of condoms and sexual lubricants manufactured by the Church & Dwight Company. Trojan condoms were started by Merle Leland Youngs in the 1910s after he moved to New York City. The major condom manufacturer before Youngs was Julius Schmid, who had made condoms from animal intestines starting in the 1880s.

Dr. Reddy's Laboratories is an Indian multinational pharmaceutical company based in Hyderabad. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited. Dr. Reddy manufactures and markets a wide range of pharmaceuticals in India and overseas. The company produces over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology.

<span class="mw-page-title-main">Armour and Company</span> Former American company

Armour & Company was an American company and was one of the five leading firms in the meat packing industry. It was founded in Chicago, in 1867, by the Armour brothers led by Philip Danforth Armour. By 1880, the company had become Chicago's most important business and had helped make Chicago and its Union Stock Yards the center of America's meatpacking industry. During the same period, its facility in Omaha, Nebraska, boomed, making the city's meatpacking industry the largest in the nation by 1959. In connection with its meatpacking operations, the company also ventured into pharmaceuticals and soap manufacturing, introducing Dial soap in 1948.

<span class="mw-page-title-main">TTK Group</span> Indian business conglomerate

The TTK Group is an Indian business conglomerate with a presence across several segments of industry including consumer durables, pharmaceuticals and supplements, bio-medical devices, maps and atlases, consular visa services, virtual assistant services and health care services.

<span class="mw-page-title-main">Laboratoires Servier</span> International pharmaceutical company governed by a non-profit foundation

Servier Laboratories is an international pharmaceutical company governed by a non-profit foundation, with its headquarters in France (Suresnes).

Arrid is a type of antiperspirant and deodorant originally introduced in 1935 by Carter Products and was acquired by Church & Dwight in 2001. The active ingredient is up to 20% aluminium zirconium tetrachlorohydrex gly.

<span class="mw-page-title-main">Carter's Little Liver Pills</span> American patent medicine

Carter's Little Liver Pills were formulated as a patent medicine by Samuel J. Carter of Erie, Pennsylvania, in 1868.

Nair is a hair-removal product manufactured by Church & Dwight.

Prasco is a pharmaceutical company headquartered in Cincinnati, Ohio, and founded in 2002 by E. Thomas Arington, former Chairman and CEO of Duramed Pharmaceuticals and former president of the healthcare consulting firm MarketMaster. The company remains privately held. It specializes in the field of authorized generics, generic drugs manufactured by the branded innovator company but marketed under a private label. According to IMS Health, the pharmaceutical industry auditing service, Prasco is one of the fastest growing pharmaceutical companies in the industry, in terms of relative growth and prescriptions dispensed for the years 2005 and 2006. Although it does not release financial data, $150 million in sales were tracked by an independent consulting company during 2005, reportedly doubling the previous years' figures.

<span class="mw-page-title-main">Bayer</span> German multinational pharmaceutical and biotechnology company

Bayer AG is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include: pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The company is a component of the EURO STOXX 50 stock market index.

<span class="mw-page-title-main">Wyeth</span> American pharmaceutical company

Wyeth was a pharmaceutical company until it was purchased by Pfizer in 2009. The company was founded in Philadelphia, Pennsylvania, in 1860 as John Wyeth and Brother. Its headquarters moved to Collegeville, Pennsylvania, and Madison, New Jersey, before its headquarters were consolidated with Pfizer's in New York City after the 2009 merger.

Henry Hamilton Hoyt Sr. was the president of Carter products division of Carter-Wallace starting in 1965.

Merle Leland Youngs was the manufacturer of Trojan condoms in Trenton, New Jersey, at Youngs Rubber. He was chairman of the board, treasurer and director. He was one of the first to advertise condoms to pharmacists and doctors. The brands were sold to Charlie Chrisman and in 2001 to Church and Dwight.

Meda AB is a specialty pharmaceutical company, headquartered in Solna, Sweden. Meda imports and markets pharmaceuticals, nutritional, and health-care products, and offers services including clinical research, registration, and logistics. At the end of 2014, Meda had 5,202 employees. Meda's pharmaceuticals are currently sold in more than 150 countries.

John Higgins Wallace Jr. was the research chemist at Carter-Wallace that formulated Arrid deodorant in 1935.

<span class="mw-page-title-main">Mankind Pharma</span> Indian pharmaceutical and healthcare products company

Mankind Pharma is an Indian pharmaceutical and healthcare products company, headquartered in Delhi. The company has products in therapeutic areas ranging from antibiotics, to gastrointestinal, cardiovascular, dermal, and erectile dysfunction medications.

<span class="mw-page-title-main">Unilab</span> Philippine multinational consumer goods company

The United Laboratories, Inc., commonly known as Unilab, is a Philippine privately held multinational consumer goods company headquartered in Mandaluyong. It specializes in a wide range of consumer healthcare, biotechnology, personal care, and veterinary products.

References

  1. 1 2 3 "Henry Hoyt, 96, Dies. Headed Drug Company". The New York Times. November 7, 1990. Retrieved 2011-09-24. Perhaps the company's best-known product was Carter's Little Liver Pills, which had been developed in the 1870s by Dr. Samuel J. Carter, a druggist in Erie, Pa. Mr. Hoyt changed the name to Carter's Little Pills in 1959 after the Federal Trade Commission objected to advertising claims that the pills increase the flow of bile from the liver, and the United States Supreme Court refused to intervene.
  2. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 "Carter-Wallace". Funding Universe. Retrieved 2011-09-26. Carter-Wallace, Inc. is a diversified healthcare company that has exhibited a consistent knack for anticipating business trends. The company markets and makes toiletries, proprietary drugs, diagnostic specialties, pharmaceuticals, and pet products. Best known for such products as Arrid deodorant and Trojan condoms, Carter-Wallace has more recently emphasized its laboratories division, where work on various medications points the way to future profits. ...
  3. 1 2 "John Wallace, 82, Chemist and Executive". The New York Times . March 24, 1989. Retrieved 2011-09-27. In 1934 he bought a laboratory where he had been a consulting chemist, and it became Wallace Laboratories. That organization merged with Carter Products to become Carter-Wallace Inc., a drug and cosmetics manufacturer based in Manhattan. ...
  4. 1 2 3 4 5 Lurie, Maxine N; Mappen, Marc (2004). "Carter-Wallace". Encyclopedia of New Jersey . ISBN   9780813533254 . Retrieved 2011-09-26.
  5. 1 2 "Carter-Wallace's brands will be sold to 2 different companies for a total of $1.12 billion". Los Angeles Times . May 9, 2001. Retrieved 2011-09-26. Carter-Wallace, ending a yearlong process to find buyers for its many brands, will split its consumer brands -- including Trojan condoms and Arrid deodorant--from its health business, after failing to attract a better offer for the entire company. For Church & Dwight, which owns the Arm & Hammer baking soda product line, the purchase of Carter-Wallace's deodorant and pet- care lines will help the firm expand internationally, it said. A 50- 50 venture Church has formed with Kelso will take the other consumer lines. MedPointe will get Carter-Wallace's diagnostics and drug businesses, which make the allergy medicine Astelin, the muscle relaxant Soma and Rynatan/Tussi cough and cold products. ...
  6. "Carter-Wallace Sells Itself". The New York Times. May 9, 2001. Retrieved 2011-09-26. Carter-Wallace Inc. agreed to sell itself for $1.12 billion, splitting consumer brands including Trojan condoms and Arrid deodorant from its health business after failing to attract a better offer for the entire company. A venture of the consumer goods maker Church & Dwight Company and the private equity group Kelso & Company will buy Carter-Wallace's consumer division for $739 million in cash. MedPointe Capital Partners L.L.C., formed last year to build a specialty health care business, will buy the drug and tests unit for $408 million. ...
  7. "Carter-Wallace". The Wall Street Journal . August 12, 1965. Retrieved 2011-09-26. Henry H. Hoyt, Jr., was named president of the newly created Carter products division of this drug, specialty foods and toiletries concern. Fred L. Lemont was named vice president, marketing, of the unit. ...
  8. Banana_Boat_Founder_Robert_Bell - Florida International University College of Business. Feb 27, 2008
  9. "About Us". Wallace Pharmaceuticals. Archived from the original on 2011-09-26. Retrieved 2011-09-26. September 2001 brought the biggest change to the Carter-Wallace business in more than one-hundred years when the pharmaceutical and diagnostics businesses of Carter-Wallace, Inc. was sold to MedPointe Capital Partners, backed by private equity firms The Carlyle Group and The Cypress Group in a cash deal valued at approximately $408 million. In the deal, MedPointe acquired Wallace Laboratories, Carter-Wallace's pharmaceutical arm, and Wampole Laboratories, its diagnostics unit, as well as the rights to the Carter-Wallace name.
  10. "Cut Out the Liver". Time magazine . April 16, 1951. Archived from the original on November 8, 2007. Retrieved 2011-09-24. One of the most familiar of all trade names was booked for a major operation last week. The Federal Trade Commission told the manufacturers of Carter's Little Liver Pills to cut the word "liver" out of the product name. ...