Church & Dwight
This article was originally published in The Rose Sheet
Executive Summary
Carter-Wallace consumer products acquisition completed Oct. 1 for total purchase price of $739 mil., Princeton, N.J. firm announces. Church & Dwight purchased Carter-Wallace's antiperspirant and pet care businesses outright for $128.5 mil., while Armkel, a joint venture with private equity group Kelso, acquired remainder of C-W's consumer products operations for an additional $610.5 mil., company says. Church & Dwight announced deal in May, creating a $500 mil. U.S. personal care business (1"The Rose Sheet" May 14, p. 9). Acquisition gives C&D consolidated annual sales of $1.5 bil