Breaking News

Church& Dwight Co. Inc

January 10, 2006

Church & Dwight Co., Inc. announced that it has completed its purchase of the SpinBrush toothbrush business from Procter & Gamble. Church & Dwight paid $75 million in cash at closing, plus an inventory settlement amount following the business transfer and additional payments of up to $30 million based on the near-term performance of the business.
SpinBrush is a leader in the battery-powered segment of the toothbrush category with a range of product offerings for both adults and children. Sales of the business for the year ended June 30, 2005 were $110 million, with the U.S. and Canada accounting for more than 80% of sales.

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