TheEdgewell Personal Care Companyis an American multinationalconsumer productscompany headquartered inShelton, Connecticut.[2]It was formed in 2015 following thecorporate spin-offfromEnergizer 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]
 | |
| Company type | Public |
|---|---|
| Industry | Personal care |
| Founded | 2000(spun offfromRalston 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 company owns a number of brands, includingSchick,Wilkinson Sword,Playtex,Carefree,Stayfree,Hawaiian Tropic,Banana Boat,Edge,Cremo and Billie.
History
editIn February 2015,Energizer Holdingsannounced 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 companyHarry'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 ofbenzene,a knowncarcinogen.[17][18][19]
Brands
edit| 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
edit- ^abcdefEdgewell Personal Care Company, Form 10K 9.30.22
- ^"Edgewell taps new CEO, eyes sale of feminine care and baby products".stltoday.com.Retrieved2019-11-20.
- ^"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.RetrievedJanuary 24,2016.
- ^"Investors".Edgewell Personal Care.RetrievedJanuary 24,2016.
- ^"Wet Ones wipes working to meet demand".
- ^abFeldt, Brian (20 February 2015)."Energizer's personal care spinoff to be called Edgewell".bizjournals.com.Archivedfrom the original on 2015-02-23.Retrieved2019-11-27.
- ^"Edgewell Personal Care – Spinoff Information".edgewell.com.RetrievedSeptember 12,2020.
- ^Care, Edgewell Personal."Edgewell Personal Care Announces Agreement to Acquire Jack Black, L.L.C."prnewswire.com.Retrieved2022-04-12.
- ^"Edgewell Personal Care Completes Acquisition of Jack Black, L.L.C."ir.edgewell.com.Retrieved2022-04-12.
- ^"Razor brand Harry's bought for $1.4bn".BBC News.2019-05-09.Retrieved2019-05-10.
- ^Grice, Jordan (2019-10-22)."Edgewell Personal Care to sell baby and pet care businesses".Connecticut Post.Retrieved2019-11-20.
- ^"FTC Files Suit to Block Edgewell Personal Care Company's Acquisition of Harry's, Inc".Federal Trade Commission.2020-02-03.Retrieved2021-05-26.
- ^"Edgewell Personal Care to Pursue Standalone Value Creation Strategy".ir.edgewell.com.Retrieved2020-02-11.
- ^"Edgewell Personal Care Announces Plan to Acquire CREMO Company".ir.edgewell.com.Retrieved2023-12-15.
- ^"Edgewell Personal Care Announces Closing of Acquisition of CREMO Company".ir.edgewell.com.Retrieved2023-12-15.
- ^"Edgewell Personal Care Announces Acquisition of Billie Inc".ir.edgewell.com.Retrieved2022-04-12.
- ^"Banana Boat expands sunscreen recall, citing traces of benzene".
- ^"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".