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REMINGTON FINALIZES ACQUISITION OF CLAIROL APPLIANCE DIVISION

 BRIDGEPORT, Conn., Jan. 6 /PRNewswire/ -- Remington Products Company announced today that it had finalized its purchase of Clairol Appliance Division, a unit of Clairol Incorporated, a wholly-owned subsidiary of Bristol Myers Squibb Company (NYSE: BMY).
 Remington president Peter Cuneo stated that the acquisition would enable the united operations to market outstanding products to consumers through out the world. "The combined product lines are excellent and complement one another. This will make Remington a very strong player in the personal care appliance arena," continued Cuneo.
 Remington, a leading global consumer products company which manufactures and markets electric shavers and personal care and related products, is privately-held and headquartered in Bridgeport. The company employs approximately 1,800 people worldwide. The Clairol Appliance Division is a leader in international personal care appliances. The combined companies will be located in Bridgeport.
 -0- 1/6/94
 /CONTACT: Mike Maney, 212-546-1547, or Tricia Gibney, 212-546-1430, both of GCI Group/
 (BMY)


CO: Remington Products Company; Clairol Incorporated ST: Connecticut IN: HOU SU: TNM

LD -- NY102 -- 9945 01/06/94 17:55 EST
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Publication:PR Newswire
Date:Jan 6, 1994
Words:175
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