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.
September 2, 1987
A federal jury in Pennsylvania awarded the family of a college student who died of toxic shock syndrome four years ago $635,000 in damages from Playtex Family Products Inc. The jury deliberated about four hours over two days before finding that a defect in the company's Playtex Super tampons contributed substantially to the June, 1983, death of Kathy Kelchner, 21, of Millville, Pa.