01.03.11
In a move to extend its presence in the broader personal care arena, Blistex Inc. today announced that it has completed the acquisition of the Odor-Eaters line of foot care products from Combe Incorporated. The territories covered by the transaction include the U.S. and the more than 30 international markets that have been serviced by Combe. Terms of the deal between the two privately-held companies were not disclosed at press time.
The Odor-Eaters brand was launched in 1974 with the first shoe insole for odor and wetness, which was also the first one-size-fits-all design. Products currently include insoles, powders and sprays.
Blistex Inc., founded in 1947, manufactures and distributes lip care, skin care, oral care and first aid products in over 75 countries. Its products include the widely popular Blistex lip care line, Stridex acne treatments, and Kank-A oral analgesics, as well as Glysomed skin moisturizers and Dentyl Active oral rinses, regional category leaders in Canada and the UK, respectively.
RBC Capital Markets LLC served as financial advisor to Blistex in connection with this transaction.