Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, May 24, 2024

Article Excerpt

EDGEWELL PERSONAL CARE CO., $38.95, symbol EPC on New York, is a leading consumer products company whose brands include Schick, Wilkinson Sword, Edge, Playtex, Wet Ones, Banana Boat, and Hawaiian Tropic. It generates 59% of its revenue in the U.S. and 41% internationally. Energizer Holdings Inc. (symbol ENR on New York) spun off the company in July 2015. In November 2021, Edgewell acquired Billie, a manufacturer of women’s razors and other body-care products, for $310 million in cash. Billie is an “upstart” brand company that sells directly to consumers a broad portfolio of personal-care products for women. With Billie, Edgewell gained another strong women’s shaving brand to complement its existing brands, such as Schick Intuition, Hydro Silk, and Skintimate. Edgewell is now streamlining its operations to reduce costs. That includes discontinuing its Stayfree feminine pads brand and focusing on its better-known Carefree brand. As part of this cost-saving process, it will also reduce the number of products Carefree sells. In the quarter ended March 31,…