PZ Cussons

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PZ Cussons plc
Public company
Traded asLSEPZC
IndustryCosmetics, Soaps, Gels, Dairy Household chemicals, & Natural Oils
Founded1879
FounderGeorge Paterson, George Zochonis
HeadquartersManchester, England
Key people
Alex Kanellis, CEO
ProductsImperial Leather, Soaps, Shampoos, Gels, Milk, olive oil, Detergents & Healthcare Products.
Revenue£762.6 million (2018)[1]
£85.7 million (2018)[1]
£48.8 million (2018)[1]
Number of employees
4,476 (2018)[1]
Websitewww.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 is a constituent of the FTSE 250 Index.

History[edit]

PZ Cussons was formed in 1975, when Paterson Zochonis took over Cussons Group Ltd. from the Cussons family, who founded Cussons in 1938.[2] The company owned in Britian 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 February 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 August 2006, PZ Cussons announced a plan to move its remaining English factory from Kersal to Swinton, both in the City of Salford.[6]

In January 2008, PZ Cussons acquired the Sanctuary Spa and Sanctuary products business.[7]

Operations[edit]

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[edit]

  1. ^ a b c d "Annual Report 2018". PZ Cussons. Retrieved 20 March 2019.
  2. ^ a b c d e f g h i 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. Archived from the original on 26 February 2012. 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 Archived 15 September 2008 at the Wayback Machine
  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.

External links[edit]