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Trojan
brand condoms, a short history. The Carter Medicine Company was founded in 1880, which at that
time marketed one product, Carter's Little Liver Pills. In the early 1930's a research
chemist named John H. Wallace aided in the development of Arrid® deodorant.
Carter Medicine Company
became Carter Products in 1937, then renamed Carter-Wallace, Inc. in 1965, and since then
have developed such products as Nair®, Pearl Drops®, First Response®, and Trojan
Condoms.
Trojan condoms have been
for some time America's #1 Condom brand, and have several newly introduced products
including Trojan Supra, Trojan Magnum XL, Trojan Her Pleasure, and Trojan Extended
Pleasure, along with its 25 or more other styles of Trojan Condoms.
CHURCH
& DWIGHT ACQUIRES CARTER-WALLACE
CONSUMER PRODUCTS BUSINESS
PRINCETON,
NJ, OCTOBER 1, 2001 - Church & Dwight Co., Inc. (NYSE:CHD) today said that it has
completed the previously announced acquisition of Carter-Wallace's (NYSE:CAR) consumer
products business in a partnership with the private equity group, Kelso & Company, for
a total purchase price of $739 million. As part of this transaction, Church & Dwight
purchased Carter-Wallace's antiperspirant and pet care businesses outright for $128.5
million; and Armkel LLC, a 50/50 joint venture with Kelso, acquired the remainder of
Carter-Wallace's domestic and international consumer products businesses for an additional
$610.5 million.
The
acquired businesses, with reported annual sales of approximately $550 million, include
such well-known brands as Arrid® antiperspirants, Trojan condoms, Nair® depilatories,
First Response® pregnancy test kits and Lambert Kay® pet care products. All
Trojan condoms pass FDA approval and most are still
manufactured in the US. |