Church & Dwight to Acquire Hero Mighty Patch For $630 Million

Church & Dwight Co., Inc. (NYSE:CHD) announced it has entered into a definitive agreement to acquire the Hero Mighty Patch brand for $630 million.

Furthermore, the company lowered its full-year outlook, with sales growth expected to be in the range of 2%-4% (vs. prior 4%-5%). Q3 sales are expected to drop by 1% (vs. prior 3% growth at the midpoint) reflecting lower demand for Waterpik, Vitafusion and Flawless.