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Prestige Consumer Healthcare

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Prestige Consumer Healthcare Inc.
FormerlyPrestige Brands Holdings, Inc. (1996–2018)
Company typePublic
IndustryOver-The-Counter Healthcare products, and Household Cleaning products
Founded1996; 28 years ago (1996)
Headquarters
Tarrytown, New York
,
U.S.
RevenueIncrease US$1,086.8 million (2022)[1]: 56 
Increase US$329.9 million (2022)[1]: 56 
Increase US$205.3 million (2022)[1]: 56 
Number of employees
535 (2022)[1]: 13 
Websiteprestigebrands.com

Prestige Consumer Healthcare Inc. (formerly Prestige Brands, Inc.) is an American company that markets and distributes over-the-counter healthcare and household cleaning products. It was formed by the merger of Medtech Products, Inc., Prestige Brands International, and the Spic and Span Company in 1996. The company is headquartered in Tarrytown, New York[1]: 2  and operates a manufacturing facility in Lynchburg, Virginia.[1]: 9 

Among the brands owned by Prestige are Chloraseptic sore throat products, Clear Eyes, Compound W wart treatment, Dramamine motion sickness treatment, Efferdent denture care, Luden's throat drops, BC Powder and Goody's Headache Powder, Pediacare & Little Remedies children's OTC products and Beano (dietary supplement).

The company's CEO and president is Ron Lombardi, who replaced Matthew Mannelly on June 1, 2015.[2]

History

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Prestige Brands Holdings, Inc. was established in 1999 to acquire, revitalize, and line extend leading, often neglected but healthy brands that were considered non-core at major consumer products companies. In 2004, MidOcean Partners sold Prestige Brands to GTCR Golder Rauner.[3]

Acquisitions

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The company acquired Blacksmith Brands' portfolio of five brands in 2010.[4]

In December 2011, the company agreed to purchase 17 brands from GlaxoSmithKline including BC Powder, Beano, Ecotrin, Fiber Choice, Goody's Powder, Sominex and Tagamet for $660 million.[5]

In 2013, Prestige Brands Holdings, Inc. acquired Care Pharmaceuticals of Bondi Junction, New South Wales, Australia, a privately held marketer and distributor of over-the-counter (OTC) healthcare brands for children and adults.[6]

In 2014, the company purchased Hydralyte in Australia and New Zealand from the Hydration Pharmaceuticals Trust of Victoria, Australia. Hydralyte is the leading oral rehydration product in Australia and New Zealand.[7]

In April 2014, Prestige Brands Holdings, Inc. announced that it has entered into a definitive agreement to acquire Insight Pharmaceuticals Corporation, a marketer and distributor of feminine care and other over-the-counter healthcare products, for $750 million in cash.[8]

In November 2015, Prestige Brands Holdings, Inc. announced that it has entered into a definitive agreement to acquire DenTek Oral Care Inc. (DenTek), a privately-held marketer and distributor of oral care products for $225 million in cash.[9]

In December 2016, Prestige Brands Holdings, Inc. agreed to buy C.B. Fleet Co. from private-equity firm Gryphon Investors for about $825 million.[10]

In July 2021, consumer health business assets were acquired from Akorn Operating Company, LLC for $228.9 million adding TheraTears and other products to their brands.[1]: 33 

Divestitures

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In 2009, Prestige sold its Denorex and Prell brands of shampoo. It has since divested Fiber Choice, PediaCare, New-Skin, and Dermoplast (2016).[11]

In 2018, Prestige sold off their household cleaning supply division.[12]

Products

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Prestige Consumer Healthcare owns many over-the counter medicines and products, including:

Digestive care

Eye, ear, nose, and throat

Oral care

Pain relief

Pediatric care

Skin care

Sleep aids

Women's health

References

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  1. ^ a b c d e f g "Overcoming Challenges & Delivering Record Results Annual Report 2022" (PDF). June 29, 2022. Archived from the original on November 17, 2022. Retrieved November 17, 2022.
  2. ^ "Senior Management Team". Retrieved June 14, 2015.
  3. ^ "MidOcean Partners Agrees to Sell Prestige Brands To GTCH Golder Rauner". 12 February 2014. Archived from the original on October 11, 2017.
  4. ^ "Charlesbank Sells Blacksmith Brands to Prestige Brands | News". Charlesbank. Retrieved 2023-11-01.
  5. ^ "MidOcean Partners :: News - Press". www.midoceanpartners.com. Archived from the original on November 29, 2014.
  6. ^ "Prestige Brands Holdings, Inc. Acquires Care Pharmaceuticals, an Australian OTC Healthcare Products Company" (Press release). Tarrytown, NY. Business Wire. July 9, 2013. Archived from the original on November 17, 2022.
  7. ^ "Prestige Brands Announces Agreement to Acquire Hydralyte,™ the Leading OTC Oral Rehydration Product in Australia". Market Watch. April 15, 2014. Archived from the original on October 11, 2017.
  8. ^ "Prestige Brands Announces Agreement to Acquire Insight Pharmaceuticals". Business Wire. April 25, 2014.
  9. ^ "Prestige Brands Announces Agreement to Acquire DenTek Holdings, Inc.; Acquisition Will Add Scale Brand and Expands Oral Care Platform". Business Wire. November 23, 2015.
  10. ^ Beckerman, Josh (23 December 2016). "Prestige Brands to Buy Summer's Eve Owner C.B. Fleet for About $825 Million". Wall Street Journal.
  11. ^ https://ir.prestigebrands.com/news-releases/news-release-details/prestige-brands-holdings-inc-completes-divestiture-three-brands [bare URL]
  12. ^ Inc, Prestige Consumer Healthcare (2018-07-02). "Prestige Brands Holdings, Inc. Announces Strategic Sale of Household Cleaning Business". GlobeNewswire News Room (Press release). Retrieved 2022-11-01. {{cite press release}}: |last= has generic name (help)
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