Energizer Holdings to buy 3 feminine-hygiene brands from J&J
- Share via
The maker of Energizer batteries announced Wednesday it is buying three brands of feminine hygiene products from Johnson & Johnson for $135 million.
St. Louis-based Energizer Holdings Inc. said it would pay cash for the Stayfree, Carefree and o.b. brands. The deal includes a manufacturing plant in Montreal.
Energizer already owns the Playtex feminine-care brand.
Top 10 riskiest industries for investors
“Combining these complementary businesses gives us brands in each of the key feminine-hygiene categories, and the opportunity to innovate by doing what we do best,” said Ward Kelin, Energizer’s chief executive.
The acquisition is expected to become final next year.
ALSO:
Spy team is Wall Street regulator’s weapon against insider
JPMorgan settles energy market rigging case for $410 million
U.S. housing recovery ‘in full swing’ as home prices soar in May
ricardo.lopez@latimes.com
