The transaction, which is subject to regulatory approval and other customary conditions, is expected to close in the second quarter of 2019.
Flawless net sales for the trailing twelve months ended Dec. 31, 2018 were approximately $180 million with EBITDA approximating $55 million (approximately 30% EBITDA margin) over the same period. The products are marketed in the US and over 30 countries. Approximately 10% of net sales come from international markets.
Ideavillage is located in Wayne, NJ and will support the business through a separate long-term services agreement with Church & Dwight.