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Edgewell Personal Care Completes the Sale of its Feminine Care Business to Essity for $340M
Prnewswire· 2026-02-02 17:16
Core Insights - Edgewell Personal Care Company has completed the sale of its feminine care business to Essity for $340 million, aiming to strengthen its balance sheet and focus on core businesses [1][2] Financial Impact - The net proceeds from the sale will primarily be used to pay down the balance of the U.S. revolving credit facility and to invest in long-term growth initiatives [1][2] - Edgewell plans to provide unaudited condensed consolidated financial information reflecting the sale as a discontinued operation, expected to be available by February 6, 2026 [3] Strategic Focus - The sale is part of Edgewell's strategy to simplify its portfolio and concentrate resources on shave, sun and skin care, and grooming, enhancing its agility and durability as a personal care company [2] - A Transition Services Agreement has been established with Essity to support a smooth transition for employees and customers for at least one year post-transaction [2] Company Overview - Edgewell is a leading consumer products company with a diversified portfolio, including brands like Schick, Wilkinson Sword, and Banana Boat, operating in over 50 markets globally with approximately 6,700 employees [5]