Brynwood Partners VI L.P. announced it signed an agreement in principle to sell High Ridge Brands Co. to funds managed by Clayton, Dubilier & Rice. The transaction, which is subject to regulatory approval and valued at $415 million, is expected to close in the second quarter of 2016. Additional terms and conditions of the transaction were not disclosed. HandStands announced the company has signed a definitive agreement to be acquired by Energizer Holdings, Inc. Founded in 1983, and headquartered in Draper, UT, HandStands is a designer and marketer of automotive fragrance and appearance products. The acquisition is expected to close in the third calendar quarter of 2016. ConAgra Foods, Inc. announced it has entered into an agreement to sell its Spicetec Flavors & Seasonings business to Givaudan for approximately $340 million. Mergers & Acquisitions Elizabeth Arden, Inc. announced it has signed an agreement to acquire the global license and certain related assets for the Christina Aguilera fragrance business from Procter & Gamble International. Terms of the transaction were not disclosed and is expected to close in the first quarter of fiscal 2017, subject to customary regulatory approvals. Stepan Company announced plans to cease all production activities and shutdown its Longford Mills, Canada facility by the end of 2016. This decision will result in a workforce reduction of approximately 30 employees. Johnson & Johnson announced it would acquire Vogue International for $3.3 billion, adding brands such as OGX shampoos and FX hair styling products to its consumer portfolio that includes Neutrogena and Clean & Clear. The transaction is slated to close in the third quarter of 2016. Shiseido Americas Corp. announced it has signed a definitive agreement with Alticor Inc. to acquire its subsidiary Gurwitch Products, LLC, a marketer of global prestige cosmetics and skincare brands. Under the terms of the agreement, Shiseido Americas will acquire 100% of the membership interests in Gurwitch, including Gurwitch’s portfolio of prestige brands Laura Mercier and RéVive. DKSH Business Unit Consumer Goods, Asia’s market expansion services provider for fast moving consumer goods, will provide the full range of services including marketing, sales, distribution and logistics as well as credit and collection services to Ivy Beauty Corp. in West Malaysia. Brands under the agreement, which covers the traditional trade and selected modern trade channels, include Leivy, Ive’s and Natifa body and skin care products. Revlon, Inc. and Coty Inc. announced that Revlon has acquired Coty’s international Cutex businesses, which primarily operates in Australia and the UK. Global pharmaceutical company Mylan is acquiring the parent company of San Antonio’s DPT Laboratories in a $1 billion deal expected to close this fall. The acquisition of private equity company Renaissance Acquisition Holdings LLC is contingent on regulatory approval and other customary closing conditions. The transaction is expected to close by the end of the third quarter. Alexza Pharmaceuticals, Inc. and Grupo Ferrer Internacional, S.A. announced that they have entered into a definitive agreement under which Ferrer Pharma Inc.,a whollyowned subsidiary of Ferrer, will acquire Alexza. The transaction is expected to close in the second quarter of 2016, subject to customary closing conditions. 44 Spray July 2016
Spray July 2016
To see the actual publication please follow the link above