Prestige Brands Holdings, Inc. Completes Purchase of Debrox® and Gly-Oxide® From GSK Finalizing 17 Brand Transaction
The purchase of fifteen of the seventeen brands Prestige agreed to acquire was completed on January 31, 2012 for $615 million. The subsequent purchase of the remaining two brands finalizes the transaction, which called for Prestige to pay a total of $660 million in cash plus a customary post-closing inventory adjustment under the original terms of the agreements.
Sawaya Segalas & Co., Inc. LLC acted as exclusive financial advisor to Prestige Brands in these transactions.
Prestige Brands markets and distributes brand name over-the-counter and household cleaning products throughout the U.S., Canada and certain international markets. The Company’s core brands include Chloraseptic® sore throat treatments, Clear Eyes® eye care products, Compound W® wart removers, The Doctor’s® NightGuard® dental protector, the Little Remedies® and PediaCare® lines of pediatric over-the-counter products, Efferdent® denture care products, Luden’s® throat drops, Dramamine® motion sickness treatment, BC® & Goody’s® headache powders, Fiber Choice® and Beano® digestive aids, Debrox® ear wax remover, and Comet® household cleaners.