Summary
Church & Dwight Co., Inc. (CHD) has officially completed its acquisition of PIK Holdings, Inc., which operates under the brand name Waterpik, for a total cash consideration of $1.033 billion. This strategic move, announced on August 7, 2017, brings a water-jet technology company specializing in oral water flossers and shower heads into Church & Dwight's portfolio. The acquisition was financed through the company's previously completed public offering of $1.425 billion in senior notes, providing a clear funding mechanism for this significant transaction. This acquisition marks a key expansion for Church & Dwight, diversifying its product offerings into a new and growing market segment. While the full financial impact will be detailed in future filings, the immediate investor focus will be on Waterpik's integration into Church & Dwight's operations and its contribution to future revenue and profitability. Investors should anticipate further detailed financial statements and pro forma information to be filed within 71 days, which will offer a more comprehensive view of the deal's financial implications.
Key Highlights
- 1Church & Dwight Co., Inc. (CHD) completed the acquisition of Waterpik (PIK Holdings, Inc.) on August 7, 2017.
- 2The total purchase price for Waterpik was $1.033 billion in cash.
- 3Waterpik is a leader in water-jet technology, offering oral water flossers and shower heads.
- 4The acquisition was financed using proceeds from a $1.425 billion senior notes offering completed on July 25, 2017.
- 5A press release announcing the completion of the acquisition was issued on August 8, 2017.
- 6Detailed financial statements and pro forma information for the acquisition will be filed by amendment within 71 days.