Church & Dwight has completed the purchase of Armkel for a price of US$254 million (€208 m), from private equity group Kelso & Company. Church & Dwight said that financing for the deal had been arranged through a group of banks led by JPMorgan and Citigroup.
"Completion of the purchase is another step in our long-term strategy to build businesses around brands that are leaders in their markets," said Church & Dwight's chairman and chief executive officer Robert Davies.
Church & Dwight manufactures and markets a wide range of personal care, household and speciality products, under the Arm & Hammer brand name and other well-known trademarks.