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Edgewell Personal Care

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Edgewell Personal Care Company
Company typePublic
IndustryPersonal care
Founded2000; 24 years ago (2000) (spun off from Ralston Purina Company)
July 1, 2015; 9 years ago (2015-07-01) (as Edgewell)
HeadquartersShelton, Connecticut, U.S.
Area served
Worldwide
Key people
  • Rod R. Little (president and CEO)
  • John C. Hunter (non-executive chairman of the Board of Directors
  • Daniel J. Sullivan (CFO)
  • LaTanya Langley (CPLO)
RevenueUS$2.172 billion (2022)[1]
US$181.2 million (2022)[1]
US$98.6 million (2022)[1]
Total assetsUS$3.713 billion (2022)[1]
Total equityUS$1.46 billion (2022)[1]
Number of employees
≈7,000 (2022)[1]
Websiteedgewell.com

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

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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

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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

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  1. ^ a b c d e f Edgewell Personal Care Company, Form 10K 9.30.22
  2. ^ "Edgewell taps new CEO, eyes sale of feminine care and baby products". stltoday.com. Retrieved 2019-11-20.
  3. ^ "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. Retrieved January 24, 2016.
  4. ^ "Investors". Edgewell Personal Care. Retrieved January 24, 2016.
  5. ^ "Wet Ones wipes working to meet demand".
  6. ^ a b Feldt, Brian (20 February 2015). "Energizer's personal care spinoff to be called Edgewell". bizjournals.com. Archived from the original on 2015-02-23. Retrieved 2019-11-27.
  7. ^ "Edgewell Personal Care – Spinoff Information". edgewell.com. Retrieved September 12, 2020.
  8. ^ Care, Edgewell Personal. "Edgewell Personal Care Announces Agreement to Acquire Jack Black, L.L.C." prnewswire.com. Retrieved 2022-04-12.
  9. ^ "Edgewell Personal Care Completes Acquisition of Jack Black, L.L.C." ir.edgewell.com. Retrieved 2022-04-12.
  10. ^ "Razor brand Harry's bought for $1.4bn". BBC News. 2019-05-09. Retrieved 2019-05-10.
  11. ^ Grice, Jordan (2019-10-22). "Edgewell Personal Care to sell baby and pet care businesses". Connecticut Post. Retrieved 2019-11-20.
  12. ^ "FTC Files Suit to Block Edgewell Personal Care Company's Acquisition of Harry's, Inc". Federal Trade Commission. 2020-02-03. Retrieved 2021-05-26.
  13. ^ "Edgewell Personal Care to Pursue Standalone Value Creation Strategy". ir.edgewell.com. Retrieved 2020-02-11.
  14. ^ "Edgewell Personal Care Announces Plan to Acquire CREMO Company". ir.edgewell.com. Retrieved 2023-12-15.
  15. ^ "Edgewell Personal Care Announces Closing of Acquisition of CREMO Company". ir.edgewell.com. Retrieved 2023-12-15.
  16. ^ "Edgewell Personal Care Announces Acquisition of Billie Inc". ir.edgewell.com. Retrieved 2022-04-12.
  17. ^ "Banana Boat expands sunscreen recall, citing traces of benzene".
  18. ^ "Edgewell Personal Care Issues Recall Of Banana Boat Hair & Scalp Sunscreen".
  19. ^ "Edgewell Personal Care Issues Voluntary Nationwide Recall of Banana Boat Hair & Scalp Sunscreen Due to the Presence of Benzene".
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