America-based multinational Colgate- Palmolive has acquired a local toothpaste maker in Myanmar, becoming the latest large-scale US company to invest in Myanmar’s growing economy. According to a report by the Wall Street Journal, the company has bought Laser Brand Toothpaste for around US$ 100 million, one of the largest by an American company since the country eased economic sanctions against Myanmar in 2012. In a statement, Colgate confirmed that it has bought the Laser brand of toothpaste and other products from Shwe Ayar Nadi Co Ltd, but gave no further information of the deal. As part of the deal, the company will take-over Laser’s manufacturing and tube-making facilities, will produce Laser toothpaste and will import Colgate branded products from Thailand. Colgate said it would move domestic production from Thailand to Myanmar in the future.