11.23.15
TSG Consumer Partners LLC (TSG) has entered into a definitive agreement with Prestige Brands Holdings, Inc. to sell DenTek Oral Care, Inc. The total purchase was $225 million on a debt-free, cash-free basis.
DenTek is a worldwide leader in innovative oral care products including floss picks, interdental brush cleaners, dental guards, disposable dental picks, braces care and dental repair products. DenTek products are available in more than 30 countries worldwide and in retail stores across the U.S. including Walmart, Target, Walgreens, CVS, Rite Aid and Kroger.
“TSG Consumer has been an outstanding partner of ours during a period of accelerated growth at DenTek. TSG’s input regarding our new product development, sales and marketing activities, and acquisitions was immeasurable and we are grateful for their expert guidance.”
“We have great respect for David Fox and the other members of DenTek’s talented management team, and have greatly valued our partnership with them,” said Pierre LeComte, managing director at TSG. “Over the last five years, DenTek has significantly expanded its retail network across 30 countries and developed a leading position in several oral care categories. We are confident DenTek will continue to build on its momentum under Prestige Brands.”
Prestige Brands expects the deal to close during the first half of calendar year 2016, subject to regulatory approvals.
DenTek is a worldwide leader in innovative oral care products including floss picks, interdental brush cleaners, dental guards, disposable dental picks, braces care and dental repair products. DenTek products are available in more than 30 countries worldwide and in retail stores across the U.S. including Walmart, Target, Walgreens, CVS, Rite Aid and Kroger.
“TSG Consumer has been an outstanding partner of ours during a period of accelerated growth at DenTek. TSG’s input regarding our new product development, sales and marketing activities, and acquisitions was immeasurable and we are grateful for their expert guidance.”
“We have great respect for David Fox and the other members of DenTek’s talented management team, and have greatly valued our partnership with them,” said Pierre LeComte, managing director at TSG. “Over the last five years, DenTek has significantly expanded its retail network across 30 countries and developed a leading position in several oral care categories. We are confident DenTek will continue to build on its momentum under Prestige Brands.”
Prestige Brands expects the deal to close during the first half of calendar year 2016, subject to regulatory approvals.