Church & Dwight completes acquisition of Armkel
Owners of the Arm & Hammer brand name Church & Dwight has
reported that it has completed the previously announced purchase of
the remaining 50 per cent of Armkel that it did not previously own.
reported that it has completed the previously announced purchase of
the remaining 50 per cent of Armkel that it did not previously own.
Church & Dwight has completed the purchase of Armkel for a price of US$254 million (€208 m), from private equity group Kelso & Company. Church & Dwight said that financing for the deal had been arranged through a group of banks led by JPMorgan and Citigroup.
"Completion of the purchase is another step in our long-term strategy to build businesses around brands that are leaders in their markets," said Church & Dwight's chairman and chief executive officer Robert Davies.
Church & Dwight manufactures and markets a wide range of personal care, household and speciality products, under the Arm & Hammer brand name and other well-known trademarks.
