
Tom's of Maine is owned by Colgate-Palmolive Company (NYSE: CL), a publicly traded American consumer products company headquartered in New York City. Colgate-Palmolive acquired Tom's of Maine in 2006 for approximately $100 million. The brand was founded in 1970 by Tom and Kate Chappell in Kennebunk, Maine, and pioneered natural toothpaste and deodorant in the United States. Tom's of Maine continues to operate with its natural ingredient commitments under Colgate-Palmolive ownership.
Parent Company
Acquired
2006
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Tom's of Maine | Colgate-Palmolive Company | Wholly owned |
Tom's of Maine was founded in 1970 by Tom and Kate Chappell, who moved from Philadelphia to Kennebunk, Maine, with a desire to create personal care products free from artificial preservatives, sweeteners, and colors. The Chappells were motivated by environmental concerns and a belief that consumers deserved transparency about what was in the products they used daily.
The brand pioneered natural toothpaste in the United States. Tom's of Maine developed both fluoride and fluoride-free formulas using natural flavoring from peppermint and spearmint oils. At the time, the concept of "natural" personal care products was niche, and the market for such products was extremely small. Tom's of Maine was one of the first companies to prove that consumers would pay a premium for products formulated with natural ingredients.
The company is credited with establishing the practice of disclosing all ingredients on product labels before ingredient disclosure became common in the industry. This transparency commitment became a defining characteristic of the brand and helped build consumer trust over decades.
From its earliest years, Tom's of Maine committed 10% of pretax profits to charitable causes and gave employees paid time to volunteer. This commitment to social responsibility was unusual for a consumer products company in the 1970s and helped establish the brand's identity as a values-driven business.
Tom's of Maine expanded its product range beyond toothpaste in the 1980s and 1990s, adding natural deodorant, mouthwash, bar soap, and shampoo. The brand gained distribution in natural food stores like Whole Foods and gradually expanded into conventional supermarkets and drugstores. By the early 2000s, Tom's of Maine had become the leading natural oral care brand in the United States.
Tom and Kate Chappell sold a majority stake to Colgate-Palmolive in 2006 for approximately $100 million. Tom Chappell remained involved with the brand for several years post-acquisition before transitioning to other ventures. The Chappells had reportedly received offers from private equity firms but chose Colgate-Palmolive because the company committed to preserving the brand's natural formulations and social mission.
Under Colgate-Palmolive ownership, Tom's of Maine has continued to expand its product range. The brand added aluminum-free deodorant, natural baby care products, and a line of cruelty-free personal care items. As of 2026, Tom's of Maine products are available in major retailers including Target, Walmart, Whole Foods, CVS, and Walgreens, as well as through the brand's e-commerce platform.
What does Colgate-Palmolive own?
Colgate-Palmolive owns a portfolio of consumer brands across four categories: oral care (Colgate, elmex), personal care (Palmolive, Softsoap, Irish Spring, Speed Stick), home care (Ajax, Fabuloso, Murphy Oil Soap), and pet nutrition (Hill's Science Diet, Hill's Prescription Diet, Prime100). The Colgate brand holds the number one global market share in toothpaste.
Is Colgate-Palmolive publicly traded?
Yes, Colgate-Palmolive Company trades on the New York Stock Exchange under ticker symbol CL. The company has no controlling shareholder, with ownership distributed among institutional investors including Vanguard Group and BlackRock. As of January 31, 2026, there were approximately 801.5 million shares outstanding.
What is Colgate-Palmolive's annual revenue?
For FY2025, Colgate-Palmolive reported net sales of $20,382 million ($20.4 billion), up 1.4% from $20,101 million in FY2024. Organic sales also grew 1.4%. Oral care accounted for 44% of net sales, personal care 17%, home care 16%, and pet nutrition approximately 23%.
Who is Colgate-Palmolive's CEO?
Noel Wallace serves as Chairman, President, and Chief Executive Officer. He became CEO in 2019 and Chairman in 2020. He joined the company in 1987 and has led Colgate-Palmolive through a period of pricing-driven growth followed by volume-led growth.
Who founded Colgate-Palmolive?
The Colgate business was founded by William Colgate in 1806 in New York City as a starch, soap, and candle manufacturer. The modern Colgate-Palmolive Company was formed through the 1928 merger of Colgate Company and Palmolive-Peet Company.
What is Hill's Pet Nutrition?
Hill's Pet Nutrition is a Colgate-Palmolive subsidiary that markets premium science-based pet food under the Hill's Science Diet and Hill's Prescription Diet brands. Acquired by Colgate-Palmolive in 1976, Hill's pioneered the concept of veterinary-channel pet food and accounts for approximately 23% of total company revenue. In 2025, the company exited the private label pet food business and acquired Prime100 in Australia.
How many people does Colgate-Palmolive employ?
As of December 31, 2025, Colgate-Palmolive employed approximately 33,600 people across over 100 countries. Over 84% of employees are located outside the United States, with approximately 33% in Asia Pacific, 31% in Latin America, 17% in North America, 15% in Europe, and 4% in Africa/Eurasia.
Does Colgate-Palmolive pay dividends?
Yes. Colgate-Palmolive has paid dividends for 131 consecutive years and increased dividends for 63 consecutive years, making it one of the longest-paying dividend growth stocks in the S&P 500. In FY2025, the company returned $2.9 billion to shareholders through dividends and share repurchases.
Tom's of Maine has built its brand identity around natural ingredients, environmental responsibility, and social mission. These commitments have been maintained under Colgate-Palmolive ownership, though some consumers and watchdogs have questioned whether the brand's practices have changed since the acquisition.
Natural Ingredient Commitments: Tom's of Maine formulates products without artificial flavors, colors, preservatives, or sweeteners. The brand discloses all ingredients and their sources on its website and packaging. However, the specific definition of "natural" is the brand's own standard rather than an independently regulated one. The FDA does not regulate the term "natural" for personal care products, which means Tom's of Maine's natural claims are self-defined.
Charitable Giving: Tom's of Maine continues to donate 10% of pretax profits to charitable causes under Colgate-Palmolive ownership. This commitment was maintained as part of the acquisition terms. The brand also provides employees with paid volunteer time. Since its founding, Tom's of Maine reports having donated over $4 million to nonprofit organizations.
Sustainable Packaging: Tom's of Maine has made efforts to improve packaging sustainability. The brand uses recyclable aluminum for its deodorant containers and has introduced PCR (post-consumer recycled) content in some packaging. However, like most personal care brands, Tom's of Maine still relies on plastic tubes for its toothpaste, which are difficult to recycle through standard municipal recycling programs.
Animal Testing Policy: Tom's of Maine is certified cruelty-free by Leaping Bunny, meaning the brand does not test its products on animals and does not use suppliers that conduct animal testing. This certification is maintained through independent audits.
B Corp Certification: Tom's of Maine became a Certified B Corporation in 2018, demonstrating its commitment to social and environmental performance standards. B Corp certification requires companies to meet independent standards of social and environmental performance, accountability, and transparency.
Environmental Manufacturing: The brand's Kennebunk manufacturing facility has implemented waste reduction and energy efficiency programs. Tom's of Maine reports that its manufacturing facility sends zero waste to landfill and has reduced water usage in production processes.
Tom's of Maine has received recognition for its pioneering role in natural personal care:
These reflect industry and certification recognition rather than formal product quality awards.
Tom's of Maine has maintained a relatively clean record on product safety, though the brand has faced some challenges:
No direct competitors found in the same category. This could be because Tom's of Maineoperates in a unique market segment or we're still building our competitor database.
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