- Mentholatum
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The Mentholatum Company, Inc. Type Subsidiary Industry Personal Care Products Founded Wichita, Kansas (1889) Headquarters Orchard Park, New York Key people Akiyoshi Yoshida, CEO; Taffy Collopy, Public Relations Products Cosmetics, Pharmaceuticals Revenue $31.6 Million (est. 2007) Website Mentholatum Corporate Website The Mentholatum Company, Inc., founded in 1889 by Albert Alexander Hyde, is a maker of non-prescription health care products. It was bought out by Rohto Pharmaceutical Co., a Japanese health care company, in 1988. The Mentholatum Company is widely associated with its top three products, the Mentholatum Ointment, Mentholatum Deep Heating Rub, and Mentholatum Lip Care.
Contents
Background
Beginning (1889-1935)
An old bottle of AA Hyde Mentholatum Ointment
The beginning of The Mentholatum Company started when Albert Alexander Hyde left the real estate market in 1889. With the collapse of the market, Hyde established a new partnership called The Yucca Company, located in Wichita, Kansas, which focused on manufacturing and marketing shaving creams, laundry soap, and toilet soap. The Yucca Company was the beginning of The Mentholatum Company.
When The Yucca Company started manufacturing a cough syrup containing a blend of camphor and menthol, named Vest Pocket Cough Specific, Hyde became intrigued by the soothing and antiinflammatory effects of menthol. After years of research and experimentation, the company introduced the original "Mentholatum Ointment" in December 1894, which consisted of a combination of menthol and petrolatum. Sales went wild. In 1903, Hyde opened a second office in Buffalo, New York, to handle sales and distribution east of the Mississippi River. In 1906, The Yucca Co. officially incorporated the name "The Mentholatum Company" after its flagship product and no longer sold soap. In 1909 a new factory was built in Wichita, Kansas and in 1919 a second factory was built in Buffalo. The Wichita factory was closed after the death of A. A. Hyde in 1935 and the corporate offices were moved to Wilmington, Delaware in 1937 and later to Buffalo in 1945.[citation needed]
Japanese expansion and acquisition (1913-1988)
The products of the company spread to Japan through the missionary work of the American, William Merrell Vories. When Vories acquired the rights to sell Mentholatum products in 1920, he began importing and selling the product in Japan under the name, "Menturm," which in turn, was marketed through a company called The Omi Sales Company. Business continued to thrive in Japan even after Vories died in 1964.
In 1974, the giant Japanese pharmaceutical company based in Osaka known as Rohto Pharmaceutical Co. set its eyes on The Mentholatum Company. In August 1975, it acquired the trademark rights to Mentholatum and began to sell the Mentholatum Ointment and Mentholatum Medicated Lip Stick, which proved to be a financial success as the company's revenue skyrocketed to ¥2.64 billion by April 1981.
Rohto Pharmaceutical Co. continued to acquire the management rights to The Mentholatum Company Inc in June 1988, thus completing the merge.
International expansion (1988-present)
In October 1991, The Mentholatum Zhongshan Pharmaceuticals was founded in Zhongshan, Guangdong Province, China, as a joint venture company as well as the headquarters for Chinese expansion. In May 1996, Mentholatum's eye drops began local production and sales in China. P.T. Rhoto Laboratories, Indonesia and a new Tokyo Branch Office was also established in September and December 1996, respectively.
In 1998, Mentholatum moved to its current headquarters on Sterling Drive in Orchard Park, New York. In mid-1999, the company released a new eye product called Zi, which is designed to cool and refresh the eyes with natural camphor and pH-balanced purified water solution. Later that year, Zi for Eyes was named "Best New Eyecare Product" in the 1999 Superdrug Health & Beauty Awards. The company continued to manufacture new products, such as Migraine Ice (chill pads for migraine sufferes), Softlips Lip Protectant, Deep Heating Rub, Natural Ice Medicated Lip Balm, Pain Patch, Fisherman's Friend cough drops, Fletcher's Castoria, Red Cross Toothache Remedy, Red Cross Canker Sore Medication, and of course, its original Mentholatum Ointment. By the end of 1999, Mentholatum alone had roughly more than $150 million worth of annual sales.
Mentholatum today
Today, the company spans internationally across the globe and sells its products in more than 130 countries. Mentholatum acquired the OXY Skin Care branding (but not all the product formulas) from GlaxoSmithKline (NYSE: GSK) in December 2005,[1] and targeted the younger, contemporary teen audience with new diversified offerings, packaging, and scents. The company further acquired the Phisoderm brand from Chattem Inc. (NASDAQ:CHHT) for $9.6 Million on November 30, 2005.[2]
Brand families
The Mentholatum Company's products are grouped by families in the United States.[3]
Cough & cold
- Mentholatum Cherry Chest Rub for Kids
- Mentholatum Ointment
Eye care
- Rohto Eye Drops
- Rohto V for Eyes
- Rohto Z for Eyes
Laxatives
- Fletcher's Laxatives
Lip care
- Natural Ice Medicated Lipbalm
- Softlips Lip Protectant
Oral care
- Red Cross Canker Sore Medication
- Red Cross Toothache Medication
- Snug
Pain management
- Mentholatum Deep Heating
- WellPatch
- WellPatch Heat Warming Pads
- WellPatch Migraine Cooling Pads
- WellPatch Pain Relieving Pads
Skin care
- Oxy Natural skin science
- Oxy Acne Wash
- Oxy Daily Cleansing Pads
- pHisoderm
List of subsidiaries
United States
International
- Mentholatum (Asia Pacific) Ltd. (Hong Kong)
- Mentholatum Australasia Pty. Ltd.(Australia)
- Mentholatum de Mexico, S.A. de C.V.
- Mentholatum South Africa (Pty.) Ltd.
- Mentholatum Taiwan Ltd. (Taiwan)
- PT Rohto Laboratories Indonesia
- Rohto-Mentholatum (Vietnam) Co., Ltd.
- The Mentholatum (China) Pharmaceuticals Co., Ltd.
- The Mentholatum Company Ltd. (UK)
- The Mentholatum Company of Canada, Limited
- Rohto-Mentholatum (Bangladesh) Limited
- Rohto-Mentholatum (Malaysia) SDN BHD.
- Rohto-Mentholatum Thailand Ltd.
- Rohto Pharma (India) Private Limited
- Rohto Pharmaceutical Co., Ltd. (Japan - Parent Company)
List of primary competitors
- Abbott Labs
- GlaxoSmithKline
- Johnson & Johnson
- Neutrogena
- Pfizer
- Procter & Gamble
- Schering-Plough
- Wyeth
References
- ^ Mentholatum buys GlaxoSmithKline unit - Business First of Buffalo:
- ^ Mentholatum buys Phisoderm brand - Business First of Buffalo:
- ^ Brands of Mentholatum USA
- http://us.mentholatum.com/families.aspx
- http://www.hoovers.com/mentholatum-company/--ID__138959--/free-co-factsheet.xhtml?cm_ven=Biz_Dev&cm_cat=Google&cm_pla=Free&cm_ite=Factsheet
- http://www.hoovers.com/mentholatum-company/--ID__138959--/free-co-factsheet.xhtml
- http://www.bizjournals.com/buffalo/stories/2005/12/05/daily6.html
- http://www.bizjournals.com/buffalo/stories/2004/12/13/daily2.html
Further reading
A book was just published called, "Amazing Mentholatum: and the Commerce of Curing the Common Cold, 1889-1955". The author is Alex Taylor, the great grandson of Albert Alexander Hyde, inventor of Mentholatum and founder of The Mentholatum Company. The book also, "tracks the evolution of modern advertising as practiced by the Mentholatum Company from 1889-1955".
External links
- Mentholatum - The Official Global Corporate Website
- Mentholatum - The Official US Corporate Website
- Mentholatum - The Official Canadian Corporate Website
- OXY - The Official US Website
- OXY - The Official Canadian Website
- OXY - The Official Australian Website
- OXY - The Official UK Website
- Soft Lips - The Official US Website
- Soft Lips - The Official Canadian Website
- Soft Lips - The Official Australian Website
- Soft Lips - The Official UK Website
- Rohto Eye Drops - The Official US Website
- Forgotten Buffalo - Information about Hyde Family and Mentholatum in Buffalo, New York
Categories:- Pharmaceutical companies of the United States
- Companies established in 1889
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