Company News

Prestige Sells Three Shampoo Brands

Prell, Denorex and Zincon on the move for $9 million.

Author Image

By: TOM BRANNA

Editor

Prestige Brands Holdings, Inc. has sold its three shampoo businesses to Ultimark Products. The transaction includes Prell Shampoo, Denorex Dandruff Shampoo and Zincon Dandruff Shampoo from the company’s personal care segment. These brands collectively represent approximately 2-3% of annual company sales. Terms of the agreement include an upfront payment of $8 million in cash, followed by a subsequent payment of $1 million on Oct. 28, 2010. The company will use the proceeds of the sale t...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters