Corporate Worth
According to the News-Times Article, April 9, 1997, on the Proctor-Gamble buy-out of Tambrands (maker of Tampax), P&G will now control 50% of the US market for disposable menstrual products. The two companies will now have not only Tampax tampons, but also the Always line of sanitary pads.
50% of the market. One in every two products sold is owned by Proctor and Gamble.
For the fiscal year ending June 1996, P&G made a revenue of $35.3 billion.
And still according to Maine and Company (a website to encourage corporate investing in Maine), the state of Maine, as a tax break incentive, reimbursed Tambrands 100% of taxes paid on new machinery and equipment.
