Company:Edgewell Personal Care
 | |
| Type | Public |
|---|---|
| Industry | Personal care |
| Founded | 2000 (spun off from Ralston Purina Company) July 1, 2015 (as Edgewell) |
| Headquarters | Shelton, Connecticut, U.S. |
Area served | Worldwide |
Key people |
|
| Revenue | US$2.172 billion (2022)[1] |
| US$181.2 million (2022)[1] | |
| US$98.6 million (2022)[1] | |
| Total assets | US$3.713 billion (2022)[1] |
| Total equity | US$1.46 billion (2022)[1] |
Number of employees | ≈7,000 (2022)[1] |
| Website | edgewell |
The Edgewell Personal Care Company is an American multinational consumer products company headquartered in Shelton, Connecticut.[2] It was formed in 2015 following the corporate spin-off from Energizer Holdings.[3] Edgewell Personal Care was formed by the renaming of the original Energizer Holdings; Energizer's battery business was then spun-off as Energizer Household Products and then renamed Energizer Holdings.[4]
The company owns a number of brands, including Schick, Wilkinson Sword, Playtex, Carefree, Stayfree, Hawaiian Tropic, Banana Boat, Edge, Cremo and Billie.
Edgewell also owns the Wet Ones brand of wet wipes.[5]
History
In February 2015, Energizer Holdings announced that it would split into two companies.[6] The original entity, Energizer Holdings, Inc, would be converted to a personal care company and renamed Edgewell Personal Care. The household products and assets would be transferred to a new entity, Energizer SpinCo, Inc, that would then be renamed to (new) Energizer Holdings, Inc.[7] David Hatfield, who was president and CEO of Energizer Personal Care at the time was named CEO of the Edgewell brand.[6]
In January 2018, Edgewell announced it had entered an agreement to acquire luxury men's skincare brand Jack Black for an undisclosed sum.[8] The deal closed in March 2018.[9]
In May 2019, Edgewell announced it would purchase the razor company Harry's, including their female-focused Flamingo brand, for $1.37 billion.[10] In October 2019, Edgewell announced that they were selling their diaper and cat litter disposal businesses to Le Holding Angelcare Inc. for $122.5 million.[11]
The FTC announced on February 3, 2020 that it would seek to block Edgewell from purchasing the startup razor company Harry's on concerns of price manipulation.[12] Edgewell announced on February 10, 2020 that it is terminating its merger agreement with Harry's after the FTC sued to block the $1.37 billion deal.[13]
In September 2020, Edgewell announced it was acquiring the shaving products brand CREMO for an all-cash transaction of $235 million. The acquisition was completed in September 2020. [14][15]
In November 2021, Edgewell announced it had acquired women's body brand Billie in an all-cash transaction at a purchase price $310 million.[16]
In 2022 and 2023, Edgewell issued a recall of some of its Banana Boat sunscreen due to the presence of benzene, a known carcinogen.[17][18][19]
Brands
| Brands | product line |
|---|---|
| Schick | razors |
| Wilkinson Sword | razors |
| Personna | razors |
| Billie | razors |
| Edge | shaving gel |
| Skintimate | razors |
| Banana Boat | sunscreen |
| Hawaiian Tropic | sunscreen |
| Playtex | feminine care |
| Carefree | feminine care |
| Stayfree | feminine care |
| o.b. | feminine care |
| Bull Dog | skin care |
| Jack Black | skin care |
| Wet Ones | skin care |
| Cremo | skin care |
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Edgewell Personal Care Company, Form 10K 9.30.22
- ↑ "Edgewell taps new CEO, eyes sale of feminine care and baby products" (in en). https://www.stltoday.com/business/local/edgewell-taps-new-ceo-eyes-sale-of-feminine-care-and/article_154fb847-8fca-5bfd-b02d-f314f59b0e34.html.
- ↑ "Energizer Holdings, Inc. Completes Spin Off from Parent Company Edgewell Personal Care; Begins Trading on NYSE as Independent, Publicly-Traded Entity". PR Newswire. July 1, 2015. http://www.prnewswire.com/news-releases/energizer-holdings-inc-completes-spin-off-from-parent-company-edgewell-personal-care-begins-trading-on-nyse-as-independent-publicly-traded-entity-300107140.html. Retrieved January 24, 2016.
- ↑ "Investors". Edgewell Personal Care. http://edgewell.com/investors/. Retrieved January 24, 2016.
- ↑ "Wet Ones wipes working to meet demand". https://www.sidneydailynews.com/2020/05/15/wet-ones-wipes-working-to-meet-demand/.
- ↑ 6.0 6.1 Feldt, Brian (20 February 2015). "Energizer's personal care spinoff to be called Edgewell". https://www.bizjournals.com/stlouis/blog/2015/02/engergizer-s-personal-care-spinoff-to-be-called.html.
- ↑ "Edgewell Personal Care – Spinoff Information". https://ir.edgewell.com/financial-reports/spin-off-information?sc_lang=en.
- ↑ Care, Edgewell Personal. "Edgewell Personal Care Announces Agreement to Acquire Jack Black, L.L.C." (in en). https://www.prnewswire.com/news-releases/edgewell-personal-care-announces-agreement-to-acquire-jack-black-llc-300584315.html.
- ↑ "Edgewell Personal Care Completes Acquisition of Jack Black, L.L.C." (in en). https://ir.edgewell.com/news-and-events/press-releases/2018/03-01-2018-003718315?sc_lang=en.
- ↑ "Razor brand Harry's bought for $1.4bn" (in en-GB). BBC News. 2019-05-09. https://www.bbc.com/news/business-48215667.
- ↑ Grice, Jordan (2019-10-22). "Edgewell Personal Care to sell baby and pet care businesses". https://www.ctpost.com/business/article/Edgewell-Personal-Care-to-sell-baby-and-pet-care-14554186.php.
- ↑ "FTC Files Suit to Block Edgewell Personal Care Company's Acquisition of Harry's, Inc." (in en). 2020-02-03. https://www.ftc.gov/news-events/press-releases/2020/02/ftc-files-suit-block-edgewell-personal-care-companys-acquisition.
- ↑ "Edgewell Personal Care to Pursue Standalone Value Creation Strategy" (in en). https://ir.edgewell.com/news-and-events/press-releases/2020/02-10-2020-111957575?sc_lang=en.
- ↑ "Edgewell Personal Care Announces Plan to Acquire CREMO Company" (in en). https://ir.edgewell.com/news-and-events/press-releases/2020/08-04-2020-110128856?sc_lang=en.
- ↑ "Edgewell Personal Care Announces Closing of Acquisition of CREMO Company" (in en). https://ir.edgewell.com/news-and-events/press-releases/2020/09-03-2020-133059335?sc_lang=en.
- ↑ "Edgewell Personal Care Announces Acquisition of Billie Inc." (in en). https://ir.edgewell.com/news-and-events/press-releases/2021/11-29-2021-213037629?sc_lang=en.
- ↑ "Banana Boat expands sunscreen recall, citing traces of benzene". https://ny1.com/nyc/all-boroughs/news/2023/01/31/banana-boat-sunscreen-recall-expands-traces-benzene-cancer.
- ↑ "Edgewell Personal Care Issues Recall Of Banana Boat Hair & Scalp Sunscreen". https://guthriecountyhospital.org/newsandevents/edgewell-personal-care-issues-recall-of-banana-boat-hair-scalp-sunscreen/.
- ↑ "Edgewell Personal Care Issues Voluntary Nationwide Recall of Banana Boat Hair & Scalp Sunscreen Due to the Presence of Benzene". https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts/edgewell-personal-care-issues-voluntary-nationwide-recall-banana-boat-hair-scalp-sunscreen-due-0.
External links
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