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Unilever, Colgate-Palmolive Bid for China's Weimeizi

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Weimeizi

Despite a potential trade battle between the U.S. and China on the horizon, several personal care companies, including Colgate-Palmolive, Unilever and Church & Dwight, are currently bidding for Weimeizi, a Chinese company specializing in high-end dental products under the Saky brand.

According to a recent South China Morning Post article, in 2015, Saky saw sales reach $3 billion. Weimeizi has reportedly hired Citigroup to sell the business for up to $1 billion. 

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