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Infant and pet care brands sold in $122.5 million transaction.
December 19, 2019
By: Happi Staff
Edgewell Personal Care Company, owner of Schick, Banana Boat and Hawaiian Tropic suncare, Wet Ones wipes and Jack Black skin care, has closed the sale of its infant and pet care business to Le Holding Angelcare Inc. for $122.5 million in cash. Edgewell said it will use the net proceeds from the sale to strengthen its balance sheet. “Completing this transaction is a key step in the transformation of Edgewell's portfolio,” said Rod Little, Edgewell's president and CEO. &#...
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