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Prestige Brands Closes Hydralyte Acquisition

Rehydration system will be sold in Australia.

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By: TOM BRANNA

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Prestige Brands Holdings, Inc. has completed the $46 million (current exchange rates) acquisition of Hydralyte from the Hydration Pharmaceuticals Trust of Victoria, Australia. Hydralyte is the leading over-the-counter oral rehydration brand in Australia, and will be marketed and sold through Care Pharmaceuticals (“Care”), Prestige's subsidiary in Australia. The transaction was finalized pursuant to the original terms of the purchase agreement announced on April 15, 2014. As p...

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