EX-99.2
3
exhibit992.htm
PRESS RELEASE
exhibit992.htm
EXHIBIT 99.2
Prestige Brands Holdings, Inc. Completes Purchase of Blacksmith Brands
Irvington, NY, November 1, 2010-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® children's OTC medicines, Luden'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 company's brand names are Chloraseptic® sore throat treatments, Clear Eyes® eye care products, Compound W® wart removers; The Doctor's® NightGuard® dental protector, the Little Remedies® line of pediatric OTC products, and Comet® and Spic and Span® household cleaners.
Contact: Dean Siegal
914 524 6819

EX - 99 . 2 3 exhibit992 . htm PRESS RELEASE exhibit992 . htm EXHIBIT 99 . 2 Prestige Brands Holdings , Inc . Completes Purchase of Blacksmith Brands Irvington , NY , November 1 , 2010 - 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 ® children 's OTC medicines , Luden '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 company 's brand names are Chloraseptic ® sore throat treatments , Clear Eyes ® eye care products , Compound W ® wart removers ; The Doctor 's ® NightGuard ® dental protector , the Little Remedies ® line of pediatric OTC products , and Comet ® and Spic and Span ® household cleaners . Contact : Dean Siegal 914 524 6819