Prestige Consumer Healthcare

Prestige Consumer Healthcare Inc. (formerly Prestige Brands, Inc.) is an American company that markets and distributes over-the-counter healthcare and household cleaning products. It was formed by the merger of Medtech Products, Inc., Prestige Brands International, and the Spic and Span Company in 1996. The company is headquartered in Tarrytown, New York[1] and operates a manufacturing facility in Lynchburg, Virginia.[1]

Among the brands owned by Prestige are Chloraseptic sore throat products, Clear Eyes, Compound W wart treatment, Dramamine motion sickness treatment, Efferdent denture care, Luden's throat drops, BC Powder and Goody's Headache Powder, Pediacare & Little Remedies children's OTC products and Beano (dietary supplement).

The company's CEO and president is Ron Lombardi, who replaced Matthew Mannelly on June 1, 2015.[2]

History

Prestige Brands Holdings, Inc. was established in 1999 to acquire, revitalize, and line extend leading, often neglected but healthy brands that were considered non-core at major consumer products companies. In 2004, MidOcean Partners sold Prestige Brands to GTCR Golder Rauner.[3]

Acquisitions

The company acquired Blacksmith Brands' portfolio of five brands in 2010.[4]

In December 2011, the company agreed to purchase 17 brands from GlaxoSmithKline including BC Powder, Beano, Ecotrin, Fiber Choice, Goody's Powder, Sominex and Tagamet for $660 million.[5]

In 2013, Prestige Brands Holdings, Inc. acquired Care Pharmaceuticals of Bondi Junction, New South Wales, Australia, a privately held marketer and distributor of over-the-counter (OTC) healthcare brands for children and adults.[6]

In 2014, the company purchased Hydralyte in Australia and New Zealand from the Hydration Pharmaceuticals Trust of Victoria, Australia. Hydralyte is the leading oral rehydration product in Australia and New Zealand.[7]

In April 2014, Prestige Brands Holdings, Inc. announced that it has entered into a definitive agreement to acquire Insight Pharmaceuticals Corporation, a marketer and distributor of feminine care and other over-the-counter healthcare products, for $750 million in cash.[8]

In November 2015, Prestige Brands Holdings, Inc. announced that it has entered into a definitive agreement to acquire DenTek Oral Care Inc. (DenTek), a privately held marketer and distributor of oral care products for $225 million in cash.[9]

In December 2016, Prestige Brands Holdings, Inc. agreed to buy C.B. Fleet Co. from private-equity firm Gryphon Investors for about $825 million.[10]

In July 2021, consumer health business assets were acquired from Akorn Operating Company, LLC for $228.9 million adding TheraTears and other products to their brands.[1]

Divestitures

In 2009, Prestige sold its Denorex and Prell brands of shampoo. It has since divested Fiber Choice, PediaCare, New-Skin, and Dermoplast (2016).[11]

In 2018, Prestige sold off their household cleaning supply division.[12]

former name	Prestige Brands Holdings, Inc. (1996–2018)
type	Public
traded as	nyse: PBH S&P 600 component
founded	1996
location city	Tarrytown, New York
location country	U.S.
industry	Over-The-Counter Healthcare products, and Household Cleaning products
revenue	US$1,086.8 million (2022)
operating income	US$329.9 million (2022)
net income	US$205.3 million (2022)
num employees	535 (2022)
website	prestigebrands.com

Prestige Consumer Healthcare

History

Acquisitions

Divestitures

Products

External links

References