This article was originally published in The Rose Sheet
Sale of consumer products division to Church & Dwight will close by end of September after shareholders approved transaction Sept. 21, firm says. Church & Dwight announced it would purchase Carter-Wallace division in May, noting addition of brands such as Arrid antiperspirants and deodorants, Trojan condoms and First Response pregnancy tests will triple company's personal care sales to $500 mil. (1"The Rose Sheet" May 14, p. 9). Group of health care executives known as MedPointe Capital Partners will purchase health care business and rights to Carter-Wallace name
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Church & Dwight's U.S. personal care product sales will increase more than three-fold to nearly $500 mil. with the acquisition of the Carter-Wallace consumer brands. Revenues for Church & Dwight's personal products business currently total about $150 mil., according to the company.
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