-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O/TxhpwaFapZU0hVaMj5GQLdnJdOF/D50XX+n+dBdiO1rXDz7wJdF5cwM0GB1l8M 5wfexiWetZOo0FL7oyMfEQ== 0001193125-05-185539.txt : 20050914 0001193125-05-185539.hdr.sgml : 20050914 20050914165955 ACCESSION NUMBER: 0001193125-05-185539 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050914 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050914 DATE AS OF CHANGE: 20050914 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHURCH & DWIGHT CO INC /DE/ CENTRAL INDEX KEY: 0000313927 STANDARD INDUSTRIAL CLASSIFICATION: SOAP, DETERGENT, CLEANING PREPARATIONS, PERFUMES, COSMETICS [2840] IRS NUMBER: 134996950 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10585 FILM NUMBER: 051084902 BUSINESS ADDRESS: STREET 1: 469 N HARRISON ST CITY: PRINCETON STATE: NJ ZIP: 08543-5297 BUSINESS PHONE: 6096835900 MAIL ADDRESS: STREET 1: 469 N HARRISON STREET CITY: PRINCETON STATE: NJ ZIP: 08543-5297 8-K 1 d8k.htm CHURCH & DWIGHT CO INC--FORM 8-K Church & Dwight Co Inc--Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of the report (Date of earliest event reported): September 14, 2005

 


 

CHURCH & DWIGHT CO., INC.

(Exact Name of Registrant as Specified in its Charter)

 


 

Delaware   1-10585   13-4996950

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

469 North Harrison Street, Princeton, New Jersey

(Address of Principal Executive Offices)

 

08543

(Zip Code)

 

Registrant’s telephone number, including area code: (609) 683-5900

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240. 14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



ITEM 8.01. OTHER EVENTS

 

On September 14, 2005, Church & Dwight Co., Inc. (the “Company”) issued a press release announcing that it has entered into a definitive agreement to purchase the SpinBrush toothbrush business from The Procter & Gamble Company. The press release is furnished herewith as Exhibit 99.1 pursuant to this Item 8.01.

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

The Company is furnishing as Exhibit 99.1 the press release described above pursuant to this Item 9.01.


SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

        CHURCH & DWIGHT CO., INC.
Date:   September 14, 2005   By:  

/s/ JAMES R. CRAIGIE


        Name:   James R. Craigie
        Title:   President and Chief Executive Officer
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

EXHIBIT 99.1

 

News Release

 

Contact:    Zvi Eiref
     Chief Financial Officer
     609/279-7666

 

Church & Dwight Agrees to Purchase SpinBrush® Toothbrush Business from

Procter & Gamble

 

Princeton, NJ, September 14, 2005 - Church & Dwight Co., Inc (NYSE:CHD) announced today that it has entered into a definitive agreement to purchase the SpinBrush toothbrush business from The Procter & Gamble Company. Church & Dwight will pay $75 million in cash at closing, plus an inventory settlement amount following the business transfer and additional cash payments of up to $30 million based on the near-term performance of the business. The transaction is expected to be completed in the fourth quarter of 2005. The transaction and its terms are subject to review and approval by regulatory authorities such as the FTC and the European Commission.

 

SpinBrush is a leader in the battery powered segment of the toothbrush category with a range of product offerings for both adults and children. Sales of the business for the year ended June 30, 2005 were $110 million, over 80% of which were in the in the U.S. and Canada.

 

“This acquisition provides us with an attractive brand in the toothbrush segment and strengthens our strategically important oral care business. The proven cleaning efficacy of power brushing enhances our position as a provider of serious oral care products,” commented James Craigie, President and CEO of Church & Dwight. Church & Dwight markets Arm & Hammer® toothpaste in the U.S. and several other countries.

 

Following a voluntary recall of certain SpinBrush products in March 2005, Procter & Gamble is currently launching several new products that are designed to improve cleaning benefits, operational performance and ergonomics. Mr. Craigie added, “We believe that the current product line is well-positioned for growth as manual toothbrush users convert to power brushing.”

 

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. In addition to Arm & Hammer toothpaste, the Company’s oral care portfolio includes the Mentadent® brand of toothpaste and toothbrushes, and Close-up®, Aim® and Pepsodent® toothpastes, all of which are sold in the U.S. and Canada, and the Pearl Drops® brand of tooth polish which is primarily sold in Europe.

 

This release contains forward-looking statements relating, among others, to the timing of completion of the proposed acquisition of the SpinBrush business from The Procter & Gamble Company, the success of the launch of several new SpinBrush products, and sales and earnings growth. These statements represent the intentions, plans, expectations and beliefs of Church & Dwight, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control and could cause actual results to differ materially from such forward-looking statements, including but not limited to the risks associated with the successful consummation of the acquisition contemplated hereby. The uncertainties include assumptions as to market growth and consumer demand (including the effect of political and economic events on consumer demand), raw material and energy prices, the financial condition of major customers, damage to the SpinBrush competitive position as a result of the recall, and increased marketing spending. With regard to the new product introductions referred to in this release, there is particular uncertainty relating to trade, competitive and consumer reactions. Other factors, which could materially affect the results, include the outcome of contingencies, including litigation, pending regulatory proceedings and environmental remediation. For a description of additional cautionary statements, see Church & Dwight’s quarterly and annual reports filed with the SEC.

 

# # #

-----END PRIVACY-ENHANCED MESSAGE-----