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Church & Dwight Bys Carter-Wallace Consumer Products

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By: TOM BRANNA

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Church & Dwight Co., Inc. today said that it has completed the previously announced acquisition of Carter-Wallace’s consumer products business in a partnership with the private equity group, Kelso & Company, for a total purchase price of $739 million.As part of this transaction, Church & Dwight purchased Carter-Wallace’s antiperspirant and pet care businesses outright for $128.5 million; and Armkel LLC, a 50/50 joint venture with Kelso, acquired the remainder of Carter...

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