Prestige Brands To Acquire DenTek Oral Care For $225 Mln In Cash - Quick Facts

(RTTNews) - Prestige Brands Holdings, Inc. (PBH) announced that it has entered into a definitive agreement to acquire DenTek Oral Care, Inc., a privately-held marketer and distributor of oral care products, for $225 million in cash. This transaction would add pro forma revenues and adjusted EBITDA of approximately $60 million and $23 million, respectively on an annualized basis.

The Company plans to finance the acquisition with a combination of funds from its existing credit facilities and available cash, and expects the transaction would add approximately a half point to its leverage calculation at the time of the close. The transaction is expected to close during the first half of calendar year 2016, subject to customary closing conditions, including clearance under the Hart-Scott Rodino Antitrust Improvements Act of 1976.