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May 8, 2001
By: TOM BRANNA
Editor
Carter-Wallace Inc. said on Tuesday it will be split in two and sold for a total of about $1.1 billion, ending more than a year-long process to sell the maker of Arrid antiperspirant, Trojan condoms and a host of other toiletries and pharmaceuticals.Armkel LLC, a partnership of consumer packaged goods maker Church & Dwight Co. Inc. and private equity group Kelso & Co. LP, will buy the the consumer products business for a total of $739 million, including minor assumption of debt, Carter...
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