Church & Dwight (CHD) Trims FY22 Outlook
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Church & Dwight to Acquire Hero, creator of the Mighty Patch® Brand for $630 million
September 6, 2022 7:17 AM EDTEWING, N.J.--(BUSINESS WIRE)-- Church & Dwight Co., Inc. (NYSE: CHD) has signed a definitive agreement to acquire the Hero Mighty Patch® brand (Hero) and other acne treatment products for $630 million, consisting of cash and Church & Dwight restricted stock. Mighty Patch® is the #2 brand in the acne category in the United States and the #1 patch brand in acne. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter.
Heros net sales for the trailing twelve months through June 30, 2022 were approximately $115 million. The acne... More
