Church and Dwight Closes USD 580m Acquisition of TheraBreath Brand.
MANews-(C)2009-2021
US-based personal care, household and specialty products producer Church and Dwight Co., Inc. (NYSE: CHD) has closed the acquisition of the TheraBreath mouthwash brand for USD 580m in cash, to expand TheraBreath's distribution through its international footprint, the company said.
The transaction, which is subject to regulatory approval and other customary conditions, is expected to close in the fourth quarter.
TheraBreath's net sales for the trailing 12 months through September 30, 2021 were approximately USD 86m.
Once the business is fully integrated, Church and Dwight expects to leverage its distribution network, manufacturing footprint, and operating expertise to achieve an estimated USD 6m in run rate operating synergies by 2023.
In 2022, TheraBreath's annual...
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