Description of Horizon Kinetics Holding's Business Segments
Household Products
Scott’s Liquid Gold® Wood Cleaner and Preservative has been our core
product since our inception. It has been sold in the United States for over
60 years. Unlike a furniture polish, our product contains natural oils that
penetrate the wood’s surface to clean, replace lost moisture, minimize
the appearance of scratches and bring out the natural beauty of wood. We have
also introduced an additional wood care product in a wipe form and a wood wash
product. Our Dust ’N Go pre-moistened cloth wipes are quick, easy and
convenient dusting wipes for wood and numerous other surfaces. Our wood wash
product simply and safely cleans all types of wood surfaces. Late in the fourth
quarter of 2013, we introduced our Scott’s Liquid Gold® Floor Restore
product. This product is a quick and easy way to renew and protect hardwood
floors.
Since 1982, we have sold Touch of Scent® air fresheners. Our air fresheners
offer a unique dispenser with aerosol refills. Touch of Scent® air fresheners
are available in a wide assortment of concentrated fragrances, which are quick,
easy to use and effective.
We continually evaluate potential new household products to be developed,
acquired, manufactured and/or distributed by us.
Skin and Hair Care Products
In 1992, we began to develop, manufacture, market and sell skin care products
under the trade name of Alpha Hydrox®. These products include facial care
products, a body lotion, a body wash and a foot cream. Our Alpha Hydrox®
skin care brand was one of the first to use AHAs. Products containing AHAs gently
slough off dead skin cells to promote a healthier, more youthful appearance
and help to diminish fine lines and wrinkles. Starting in 2016, our Alpha Hydrox®
Skin Care line of products will be marketed and sold under the trade name of
Alpha ™ Skin Care. There were several reasons for the change in names,
including the desire to reflect that our line of skin care products is broader
than just products containing AHAs.
Our Neoteric Diabetic® Healing Cream product was introduced in 2001. This
product was developed to address the skin conditions of persons living with
diabetes, caused by poor blood circulation. Our healing cream is a therapeutic
moisturizer that provides a clinically proven and patented treatment for dry
skin by helping to increase blood circulation and speed the healing of minor
scrapes and cuts.
Since 2001, we have been the exclusive distributor in the United States for
face masque sachets manufactured by Montagne Jeunesse International Ltd. (“Montagne
Jeunesse”). Montagne Jeunesse is based in the United Kingdom. Their sachet
products are currently sold in over 70 countries. These masques are sold for
single use in unique and attractive packages in a wide assortment of types and
fragrances. A significant portion of our business consists of the sale of these
sachet products.
In the fourth quarter of 2009, we became the exclusive distributor in the United
States for Batiste Dry Shampoo with the exception of certain warehouse stores
and governmental entities. Our new distribution agreement with the manufacturer
of Batiste Dry Shampoo, Church & Dwight Co. Inc. (“Church & Dwight”),
went into effect on January 1, 2015. Under the new distribution agreement we
continue as an exclusive distributor in the United States of Batiste Dry Shampoo,
but are limited to the specialty retailer channel. The specialty retailer channel
includes primarily beauty supply stores, such as Ulta Salon, Cosmetics &
Fragrance, Inc. (“Ulta”), our largest customer, apparel retailers,
department stores, hair salons and distributors to hair salons. Dry shampoo
is a quick and convenient way to refresh hair between washes. Batiste was one
of the innovators of dry shampoo. We believe that there is a large and fast-growing
market for dry shampoo. See “Manufacturing and Suppliers” in this
Item 1 below for information on the terms of our agreement with Church &
Dwight.
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