TARRYTOWN, N.Y. — Prestige Consumer Healthcare announced that it has entered into a definitive agreement to acquire a portfolio of over-the-counter consumer brands from specialty pharmaceutical company Akorn Operating Co. for $230 million in cash. The agreement is structured as an asset purchase that delivers anticipated tax benefits of ~$30 million and expected annual EBITDA
TARRYTOWN, N.Y. — Prestige Brands Holdings Inc. plans to buy over-the-counter medicine and personal care manufacturer C.B. Fleet Co. from private equity firm Gryphon Investors for $825 million in cash. Prestige Brands said Fleet’s product lineup will bring leading brands in the women’s health, gastrointestinal and pediatric care categories, and the Lynchburg, Va.-based company’s global
TARRYTOWN, N.Y. — Prestige Brands Holdings Inc. has agreed to acquire DenTek Oral Care Inc. from investment firm TSG Consumer Partners LLC for $225 million in cash. Prestige Brands said Monday that it expects the transaction to close during the first half of 2016, pending customary closing conditions and regulatory approvals. DenTek manufactures a wide
TARRYTOWN, N.Y. — Matthew Mannelly is retiring as president and chief executive officer of Prestige Brands Holdings Inc. and will be succeeded by chief financial officer Ron Lombardi. Prestige Brands said late Wednesday that Mannelly is slated to retire on June 1. With the move, he also will be retiring from the company’s board of
