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Prestige Brands Holdings, Inc. Completes Purchase of Blacksmith Brands

^{Published on 2010-11-01 15:30:34 - Market Wire}
 

IRVINGTON, N.Y.--([ BUSINESS WIRE ])--Prestige Brands Holdings, Inc. (NYSE: PBH) today announced that it has completed its previously announced purchase of Blacksmith Brands Holdings, Inc. The transaction was finalized under the original terms announced on September 20^th, which called for Prestige to pay $190 million in cash at closing plus a customary working capital adjustment that amounted to $13.4 million. Prestige recently completed a financing of additional bond and bank debt to fund the acquisition and one-time related expenses.

The purchase includes five over-the-counter healthcare products; Efferdent® and Effergrip® denture care products, PediaCare® childrena™s OTC medicines, Ludena™s® cough drops, and NasalCrom® allergy treatment.

Prestige Brands markets and sells well-recognized, brand name consumer products in the over-the-counter healthcare and household cleaning segments. Among the companya™s brand names are Chloraseptic® sore throat treatments, Clear Eyes® eye care products, Compound W® wart removers; The Doctora™s® NightGuard® dental protector, the Little Remedies® line of pediatric OTC products, and Comet® and Spic and Span® household cleaners.