December 24, 1997 |
Playtex Products Inc. said it will acquire Montvale, N.J.-based Personal Care Group Inc. from owner J.W. Childs Equity Partners for $91 million in cash and about 9.3 million shares of common stock. The transaction, not subject to financing or shareholder approval, is expected to close in early 1998, assuming it gets regulatory approval. Personal Care brands include Wet Ones, Binaca and Mr. Bubble. Playtex Products' brands include Playtex, Woolite, Jhirmack and Tek. Shares of Westport, Conn.
November 6, 1991 |
Sara Lee Acquires Interest in Playtex: Sara Lee Corp. will purchase a minority stake in Playtex Family Products Corp. for $62.5 million, the companies announced. Sara Lee will acquire preferred stock that will give it a 25% share of Playtex, which manufactures tampons, toothbrushes, hair-care products and other consumer goods. Licensing arrangements will give Chicago-based Sara Lee the right to sell non-apparel products bearing Playtex brands outside the United States and Canada.
February 17, 1988 |
Johnson & Johnson, in a move that will give it a major share of the lucrative sanitary protection market, said Tuesday that it agreed to buy for $726 million the Playtex Holdings Inc. subsidiary that makes tampons. The unit, Playtex Family Products, is the second-largest U.S. maker of tampons with a 25% market share and the most profitable of Stamford, Conn.-based Playtex's three subsidiaries. Johnson & Johnson now has about 6% of the U.S. market with its o.b. tampons, analysts said.