8-KAcquisitions & DispositionsOther EventsExhibits & Filings

CHURCH & DWIGHT CO INC /DE/ 8-K Report, Acquisition Completed (Oct 1, 2012)

Filed October 1, 2012For Securities:CHD

Summary

Church & Dwight Co., Inc. (CHD) announced the completion of its acquisition of Avid Health, Inc. on October 1, 2012. Avid Health is a significant player in the vitamin, mineral, and supplement market, known for its L’il Critters® children’s gummy vitamins and Vitafusion® adult gummy vitamins. This strategic move positions Church & Dwight to expand its presence in the growing nutritional supplement category. The total purchase price for Avid Health was approximately $650 million, subject to working capital adjustments. The company financed this acquisition through a combination of a $400 million public offering of Senior Notes, commercial paper, and existing cash reserves. This acquisition is expected to contribute to Church & Dwight's revenue and market share in the health and wellness segment.

Key Highlights

  • 1Completion of the acquisition of Avid Health, Inc. on October 1, 2012.
  • 2Avid Health is a leader in the vitamin, mineral, and supplement category.
  • 3Key brands acquired include L’il Critters® children’s gummy vitamins and Vitafusion® adult gummy vitamins.
  • 4Total purchase price for the acquisition was approximately $650 million, subject to closing working capital adjustments.
  • 5Financing for the acquisition involved a $400 million Senior Notes offering, commercial paper, and cash.
  • 6The acquisition is expected to enhance Church & Dwight's portfolio in the health and wellness sector.

Frequently Asked Questions

This Form 8-K filing was made to report the completion of Church & Dwight's acquisition of Avid Health, Inc. on October 1, 2012, and to provide details about the transaction.

Avid Health, Inc. is a company specializing in vitamins, minerals, and supplements, with well-known brands like L’il Critters® and Vitafusion®. Its acquisition allows Church & Dwight to enter and expand its footprint in the attractive and growing health and wellness market.

The approximately $650 million acquisition was financed through a combination of proceeds from a $400 million public offering of Senior Notes due 2022, the issuance of commercial paper, and the company's cash reserves.

Yes, the total purchase price of approximately $650 million is subject to adjustment based on the closing working capital of Avid Health and its subsidiaries.