theGrio

Back to the Top

Main menu

Skip to primary content
Skip to secondary content
  • Home
  • Entertainment
    • Music
    • The Dish
  • Health
    • Ask Dr. Ty
    • Black Men’s Health
    • Black Women and Breast Cancer
    • Back to School Health
  • Living
    • Travel and Leisure
    • Living Forward
    • Books
  • Politics
    • Perry on Politics
  • Sports
  • News
    • Good News
  • Opinion

Business

Johnson Products back in black hands

by Ni'kita Wilson | July 16, 2009 at 1:28 PM
Comments
Print
Johnsonproducts.jpg

Related Posts

  • Executive Leadership Council looks to bring more black women to Fortune 500 companies
  • Class acts: This year's black commencement speakers
  • Leader of first black-owned business to go public dies
  • Chavis Carter case: Police chief's past causes skepticism among black Jonesboro residents
  • Oprah’s network breaks through to black female viewers with positive alternatives to reality programming

Chief Executive Officer Eric V. Brown and wife Renee Cottrell-Brown, the executive vice president

Johnson Products, the company behind such brands as Ultra Sheen and Gentle Treatment, is back in the hands of African American leadership. Industry veterans Eric Brown and Renee Cotrell-Brown, a husband and wife team, purchased Johnson products from Proctor & Gamble, an agreement finalized earlier this year.

The team heads up RCJP Acquisition Inc, a new private equity company formed in collaboration with private equity firms Rustic Canyon/Fontis Partners and St. Cloud Capitol. In a recent interview with Mr. Brown, we were able to understand why RCJP purchased Johnson Products and what they plan to do with the company that has been a name in Black households for decades.

Johnson Products was first established in 1954 by George Johnson with an initial investment of $500 and a single product, Ultra Wave, a relaxer for men. Three years later Ultra Sheen was introduced for women and from there the company went on to produce well known products like Afro Sheen and Ultra Sheen Hair Dressings. In 1971 Johnson Products became the first minority run business listed on the New York Stock Exchange. Proctor & Gamble acquired the company in 2003 which helped Johnson Products sales reach $23 million dollars annually.

However, Eric Brown still saw an opportunity for growth, “It was not a strategic brand for P&G,” stated Mr. Brown, “It was an area that was not getting any attention…and when acquired with the Wella brand, they got rid of the lines that would interfere with their other brands like Pantene.”

With so many brands flooding the market, it seems a daunting task to bring Johnson Products back to life with its select offerings of hair relaxers and pomades in an environment where consumer needs go beyond “perms and grease”. Eric Brown believes that the name Johnson Products carries with it tradition, value and innovation. “Right now it really dominates, if not owns, the value side and tradition,” Mr. Brown said. “The innovation is what we have to add.”

With declining sales in the hair market over the last two years, one would question purchasing an outdated brand in an already slacking market. Mr. Brown prefers to see the glass as half full and believes that the down market may be more a factor of product offerings more than anything else. “There are consumers with a lot of unmet needs,” he continues. “The industry has slacked down. It’s not because [people] stopped using products.” The new Johnson Products will be a springboard for RCJP to introduce new product innovations to the Black consumer and take the opportunity to reintroduce the brands to a new generation.

In addition to bringing quality hair products to the market, Johnson Products also plan to give back to the Black community in areas of education and women’s causes. As Mr. Brown puts it, “community empowers our business,” so for the new Johnson Products team, it’s a win-win situation. It also stays true to the essence of the original Johnson Products company which served as a platform for Blacks to establish careers in the 1960’s.

  • 600_x405_THEGRIO_COM_ENDPAGE.jpg
    Next Story:

    8/14/09 – theGrio & CNBC Market Wrap Up

  • basketball-superstar-julius-j-erving.jpg
    Previous Story:

    Basketball superstar Julius 'Dr. J' Erving

Filed in: Business, Money, Top Stories | Related Topics: Hair
  • Learn about our User Panel

    Read More
  • New Stories on theGrio

    • Chicago Board of Ed votes to close 50 schools Chicago Board of Ed votes to close 50 schools
    • Cash Money Records signs Paris Hilton? Cash Money Records signs Paris Hilton?
    • First lady makes Forbes’ ‘Most Powerful Women’ First lady makes Forbes’ ‘Most Powerful Women’
    • Comedians pay tribute to ‘Bill Cosby: Himself’ 30 years later Comedians pay tribute to ‘Bill Cosby: Himself’ 30 years later
    • Ray J a ‘huge fan’ of Kanye West
    • Funeral program for Malcolm Shabazz released
    • Darius Rucker responds to racist tweet from country fan
    • Is Beyoncé really a feminist?
  • What Your Friends Are Reading

  • More from theGrio

More Stories on theGrio

Top News

Politics

  • U.S. Sen. Rand Paul, R-Ky., speaks at the New Hampshire Republican State Committee Liberty Dinner, Monday, May 20, 2013 in Concord , N.H. (AP Photo/Jim Cole)

    GOP leaders say Obama impeachment talk premature

  • Desiree Rogers appointed to Choose Chicago Board

  • Obama pledges urgent aid to Oklahoma town

  • South Africa: Mandela name becomes political football

» Read More in Politics

Business

  • cash-16x9.jpg

    Payday loans: A debt trap in disguise

  • Tiger Woods makes a comeback on the course, and in video game sales

  • A timeless classic: Top career lessons from ‘The Great Gatsby’

  • Boyz II Men appear in new Old Navy commercial

» Read More in Business

Living

  • Using a cheek sample or blood sample, Myriad’s laboratory delivers a report to the person’s physician, outlining the person’s risk.

    The breast cancer genetic test folks are talking about

  • Young black producer shakes up Great White Way

  • Essence, MSNBC unite for live coverage of the 2013 Essence Fest

  • Black anti-abortion activists see 'houses of horror' everywhere

» Read More in Living

Inspiration

  • Abdulah Salim, Jr. hold the photograph of his father Dr. Reginald A. Hawkins who was a prominent Charlotte civil rights leader, in Silver Spring, Md. In the spring of 1963, a Hawkins led 65 people on a four-mile march from an African American college to the center of Charlotte’s downtown. ( AP Photo/Jose Luis Magana)

    Charlotte remembers 1963 desegregation 'eat-in'

  • Tornado survivor saved by teacher

  • Obama speech makes Morehouse grads 'proud'

  • Twins named Spelman valedictorians

» Read More in Inspiration

Entertainment

  • Dr. Conrad Murray sits in court after he was sentenced for the involuntary manslaughter of singer Michael Jackson at the Los Angeles Superior Court on November 29, 2011 in Los Angeles, California. (Photo by Mario Anzuoni-Pool/Getty Images)

    Lawyer: No background check done on Michael Jackson doctor

  • Holy hologram! RIP rappers making a comeback

  • Hulk Hogan ♥'s Miguel's 'leg drop'

  • Eminem's publisher sues Facebook over song usage

» Read More in Entertainment

News

  • Gywan Levine Jr., 12, was fatally shot during a robbery. (Courtesy NBC New York)

    Boy, 12, killed in robbery attempt

  • Durant makes $1M pledge for tornado victims

  • Court decision pending in NYPD stop-and-frisk case

  • Farai Chideya: Journalism is heading for ‘GOP-style problems'

» Read More in News

Main menu

Skip to primary content
Skip to secondary content
  • Politics
  • Living
  • Video
  • Inspire
  • Health
  • Entertainment
  • News
  • Terms of Service
  • Privacy Policy
  • Advertise with TheGrio
  • About
©2013 NBCUniversal
Powered by WordPress.com VIP