Splash History: An Overview

HUMBLE BEGINNINGS

1985


» Dr. Rolando Hortaleza and Dr. Rosalinda Ang-Hortaleza got married after graduating from medical school. The enterprising couple plunked P12,000 in start-up capital; this was cash they had pooled together from money they received as wedding gifts. P5,000 of which was used to purchase a special cuticle remover from a cousin and the rest for an initial inventory of acetone, cuticle remover, amber bottles and packaging materials to start a repacking business.

» RBH Cosmetics, a backyard enterprise that packaged and distributed acetone, cuticle remover, and cold wave lotion to neighborhood beauty parlors, was established.

1986


» RBH Cosmetics was renamed Hortaleza Cosmetics.

» First year revenues amounted to a little over PhP 100,000.00.

1987


» Hortaleza Cosmetics became Splash Cosmetics









» Splash made its first PhP 1 million in sales with Splash hair spray.

1988


» Splash invested in low budget TV commercials using slides.

CHALLENGING THE BIG BOYS

1989


» Splash launched another innovative product – All Natural Extract Facial Cleanser with avocado and cucumber variants, the first facial cleanser based on natural ingredients.

» In August 1989, Splash Cosmetics started advertising Extract with celebrity endorsers.

» Splash achieved PhP40 million in sales.




1991


» Splash Cosmetics became Splash Manufacturing Corporation

BREAKING THE GLASS CEILING

1991


» Splash launched Extraderm Exfoliant Plus, the first exfoliant astringent to be made available in retail outlets in the Philippines. Splash gave birth to a new category in the Philippine personal care market – the exfoliant category.





1992


» The Santiago plant was inaugurated.

» The exfoliant market grew by 77% with Extraderm as the market leader.







1993


» Through informal network of Overseas Filipino Workers and later through dealers, Splash entered the Asian market such as HongKong, Singapore and Indonesia.

» Splash pioneered in skin whitening initially through Extraderm.

1994


» Splash went for higher visibility with well-known celebrity endorsers in big budget TV commercials.

1996


» Blessing of the Lazaro Warehouse

» Splash was brought to international markets such as Bahrain, Indonesia and Saudi Arabia by local dealers.

» Splash hit the P1 Billion sales mark.





1997


» Splash Research Institute and Splash Foundation, Inc. were established.

» Splash Holdings, Inc. was established.

» Extraderm posted its highest growth of 211.14% in 1997.

» The 18th Agora Awards honored Dr. Rolando B. Hortaleza for Outstanding Achievement in Entrepreneurship (Large Scale).

TRANSFORMATION AND SUSTAINABILITY

1998


» Splash hit P2 Billion sales mark and made it to the Top 300 companies in the Philippines.

» Splash enters the Oman and Qatar market through dealers.

» Splash International, Inc. was established to seek, plan, create and implement strategies for the global expansion of the corporation.




1999


» The Gerry Roxas Foundation, TOYM Foundation and the Philippine Jaycees chose Dr. Rolando B. Hortaleza as one of the Ten Outstanding Young Men of 1999 for Entrepreneurship.

» Splash University was established.
» Splash launched SkinWhite which became the leading brand in skin whitening category.






2000


» Splash received its ISO 9002 certification from SGS Philippines, Inc. International Services, a member of the Societe Generale de Surveillance International Group, giving Splash the “tangible” seal of a true global company.

» PT Splash Indonesia was launched in Jakarta before the Indonesian business community.

2001


» Splash Manufacturing became Splash Corporation.

2002


» Pres. Gloria Macapagal-Arroyo inaugurated the P400 million fully automated Canumay plant in Valenzuela.

» Splash generated PhP3 Billion in sales.

» Euromonitor ranked Splash number six (6) in the cosmetics and toiletries industry, the only Filipino company in the Top 10.

2003


» The Manila Times bestowed Dr. Rosalinda A. Hortaleza, the Jose P. Rizal Award for excellence in the field of Management Finance in ceremonies hosted by the federation of the Filipino-Chinese Chamber of Commerce and Industry.

» Former President Corazon Aquino inaugurated Splash Corporations P40 Million state-of-the-art SRI Facility.

» Splash invested P150 Million for the implementation of an Enterprise Resource Planning system from SAP.

2004


» Splash Corporation launched another top-selling brand – Biolink.

» Splash was referred to as “the pride of the Filipino in the personal care industry” by Euromonitor, a noted industry publication in one of its articles.



» Maxipeel and Extraderm dominated the exfoliant market.

» Skin White maintained leadership in skin whitening.



2005


» Splash marked its 20th Anniversary.

2007


» Splash was listed in Philippine Stock Exchange.



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