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Church & Dwight to buy oral health products maker Water Pik


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UPDATE 1-Church & Dwight to buy oral health products maker Water Pik


(Adds deal details)
    July 17 (Reuters) - Arm & Hammer toothpaste maker Church &
Dwight Co Inc <CHD.N> said on Monday it would buy privately held
Water Pik Inc, which makes oral hygiene products and shower
heads, for about $1 billion in cash.
    Fort Collins, Colorado-based Water Pik makes items in the
oral health space including flossers and electric toothbrushes.
Its namesake product, the Water Pik Water Flosser, cleans teeth
by using a pump to send a water jet through a plastic tip.
    Water Pik, which had net sales of about $265 million in the
year ended June 30, will be bought from private equity firm
MidOcean Partners, Church & Dwight said. [nBw74SVgPa]
    Church & Dwight's oral care portfolio includes Spinbrush
battery-operated toothbrushes and Orajel oral analgesics.
    Church & Dwight, which also makes Trojan condom, said it
expected an adjusted profit of $2.09 per share in 2018 and
reaffirmed its profit forecast for 2017.
    BofA Merrill Lynch was the financial adviser for Church &
Dwight, while Harris Williams and Wells Fargo advised MidOcean
Partners.

 (Reporting by Arunima Banerjee in Bengaluru; Editing by Maju
Samuel)
 ((Arunima.Banerjee@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 4046; Reuters Messaging:
arunima.banerjee.thomsonreuters.com@reuters.net))

Keywords: WATERPIK M&A/CHURCH & DWIGHT (UPDATE 1)



This article appears in: Stocks , Technology
Referenced Symbols: CHD


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