Church & Dwight has reached a mutual agreement with private equity group Kelso & Company in which Church & Dwight will not participate in the acquisition of Del Laboratories with Kelso. As a result of the agreement, Kelso will continue the acquisition on its own, company executives said.
Church & Dwight had previously planned to invest $30 million (about 20% of the equity financing) and would have an option to acquire Del’s Orajel oral care line after three years.
The latest exclusive market research from Smithers Pira projects positive growth for the across the nonwoven wipes industry. This market can be subdivided into two major types:
Consumer wipes include b…