Church & Dwight Buys Orajel and Other OTC Brands
Church & Dwight Buys Orajel and Other OTC Brands
| Church & Dwight Buys Orajel and Other OTC Brands | |
| Church & Dwight Co. Inc., makers of Arm & Hammer products, completes its previously announced acquisition of the Del OTC pharmaceutical business from Coty Inc. The transaction was completed substantially under the original terms announced on April 1, 2008, which called for Church & Dwight to pay $380 million in cash at closing. The purchase price was financed with a $250 million addition to its bank credit facility and available cash. Church & Dwight manufactures and markets a wide range of personal care, household and specialty products under the Arm & Hammer brand name and other well-known trademarks. "The Orajel brand will be a great addition to the Church & Dwight family," says James R. Craigie, Church & Dwight chairman and CEO. "We are excited to expand our personal care portfolio and strengthen our presence in the strategic oral care category." | |
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