01 Jun Atlas Advisors advised Church & Dwight in the purchase of the remaining 50% of ArmKel from Kelso
Excerpt of Press Release by Kelso & Company
Church & Dwight Co., Inc. (NYSE: CHD), a leading manufacturer of a wide range of personal care, household and specialty products, under the Arm & Hammer® brand name and other well-known trademarks, announced it has completed the purchase of the remaining 50% of ArmKel, LLC that it did not own, from Kelso & Company, for $254 million.
On completion of this transaction, the Company will incur certain non-cash accounting charges, primarily related to the revaluation of ArmKel’s inventories and the write-off of deferred financing costs, which will have an adverse effect on earnings in the second and third quarters. The Company expects the acquisition to be earnings accretive by early 2005.
Atlas Advisors acted as exclusive financial advisor to Church & Dwight Co., Inc. in connection with this transaction.
Atlas Advisors is the marketing name for Atlas Advisors, LLC and Atlas Strategic Advisors, LLC. Atlas Strategic Advisors, LLC provides financial advisory services in connection with mergers, acquisitions and other similar transactions. Atlas Strategic Advisors, LLC is a wholly owned subsidiary of Atlas Advisors, LLC and a member of the FINRA.
None of the information contained in this release constitutes a recommendation, solicitation or offer by Atlas Strategic Advisors, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.