HomeAbout UsServicesClientsResource CenterTransactionsContact
Resource Center
Sawaya Segalas News
View Case StudyJuly 17, 2006
Orange Glo International Signs Definitive Agreement
to Be Acquired by Church & Dwight
Business Wire, All Rights Reserved

DENVER — Orange Glo International announced today it has entered into a definitive agreement to be acquired by Church & Dwight Co. Inc. (NYSE:CHD) for $325 million in cash. The transaction, which is subject to regulatory approval, is expected to close during the third quarter of 2006.

Church & Dwight Co., Inc. is one of the premier consumer product companies in the world and manufactures and markets a wide range of personal care, household and specialty products, under the ARM & HAMMER brand name and other well-known trademarks.

"We believe that this transaction will generate a fair value for our shareholders and maximum opportunity for the employees, customers and suppliers," said David Appel, Orange Glo International Chairman. "The actions announced today are the result of a long and careful process of self assessment and strategic review to identify the best way to maximize value, while balancing the interests of the corporation's constituencies. I want to thank our shareowners and employees for their patience and loyalty throughout this challenging process. This is a great business and we expect it will rise to new heights under Church & Dwight's ownership."

"Orange Glo International has been an innovator in the consumer product category. They expanded the existing markets with their introduction of orange oil based cleaning products and oxygenated cleaning category. We see their products as a great complement to our Arm & Hammer and Xtra brands as they provide further access to the fastest growing part of that category-additives," James R. Craigie, Church & Dwight President and Chief Executive Officer, said. "This transaction brings to our company a franchise that has developed great consumer loyalty and is consistent with our growth strategy of strengthening our businesses by adding leading brands in areas of high growth potential," Craigie added.

Sawaya Segalas & Co., LLC, a leading consumer products investment banking firm, served as exclusive financial advisor to Orange Glo International.

Church & Dwight will hold a conference call, today, Monday, July 17, at 10:00 a.m. Eastern Time, to discuss the Orange Glo transaction. The call can be accessed via web cast by visiting the Investor Relations section of the Church and Dwight website at www.churchdwight.com. A replay will be available two hours after the call. The replay number is 888-286-8010, access code 23710047. In addition, the replay can be heard on the Company's website.

About Orange Glo International
Founded in 1987 by Max and Elaine Appel, privately held Orange Glo International has been creating its powerful cleaning products for almost 20 years. Orange Glo International's vision is to delight the consumer with innovative new ways to clean. The OxiClean® brand has revolutionized fabric care with its strong, safe, and versatile chlorine-free stain removal. OxiClean has become the "brand of choice" for millions on tough stains like grass, juice, and coffee. Kaboom has brought strong, effective bathroom cleaning performance with no ammonia, no bleach, no harsh fumes formulation. Kaboom is 100% tough on stains but gentle on consumers. Orange Glo Polish is the foundation trademark for the company. With the recent launch of the Orange Glo Hardwood Floor Care line of products, the brand is the expert in care for beautiful surfaces like Hardwood flooring. The company employs approximately 180 people

About Church and Dwight
Church & Dwight Co., Inc. manufactures and markets a wide range of personal care, household and specialty products, under the Arm & Hammer brand name and other well-known trademarks.
 
 
View Case Study  arrow  View Case Study
Our Case Studies
Noteworthy Industry Transactions

Discover Sawaya Segalas' Reviews of Recent Industry News and Transactions


Burts Bees
October 30, 2007

Clorox Acquires Burt's Bees


Learn More

View All Transaction    Profiles
Events