Church & Dwight to buy Water Pik for ~$1B

|About: Church & Dwight Co Inc. (CHD)|By:, SA News Editor

Arm & Hammer parent Church & Dwight (NYSE:CHD) agrees to acquire Water Pik, maker of oral hygiene products and shower heads, for ~$1B.

CHD says Waterpik's net sales for the trailing 12 months through June 30 totaled $265M with EBITDA of $80M, a 30% EBITDA margin.

CHD also says it continues to expect FY 2017 adjusted EPS of $1.92, "consistent with our previous outlook, inclusive of the neutral EPS effect of the acquisition."

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