Energizer Completes Acquisition of Playtex Products
Energizer Holdings Inc. completes its acquisition of Playtex Products Inc. for $18.30 per share in cash plus the assumption of Playtex's debt. Shareholders of Playtex approved the merger of Playtex with a wholly owned subsidiary of Energizer on September 27, 2007. "The employees of Playtex and its strong consumer brands will be a great addition to the Energizer family," says Ward M. Klein, chief executive officer, Energizer Holdings Inc. "In addition to expanding our product portfolio and our presence in the personal care industry, this acquisition brings to us many talented and dedicated colleagues, providing us with the benefits of their knowledge and experience in the skin care, feminine care and infant care segments."