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Church & Dwight Purchases Remaining Shares Of Armkel

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By: TOM BRANNA

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Church & Dwight Co., Inc. has purchased the remaining 50% of Armkel, LLC that it did not own, from Kelso & Company, a private equity group. As previously announced, the purchase price was $254 million. The company said that financing 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 Robert A. Davies, III, Chu...

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