Arm & Hammer parent will gobble up Colorado's Water Pik for $1 billion

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Church & Dwight Co. Inc., the household-products company that sells Arm & Hammer baking soda and Nair hair remover, said today it plans to buy Colorado oral-care-products company Water Pik Inc. in a $1 billion deal. Fort Collins-based Water Pik sells water-jet flossers and shower-massage heads under the Waterpik brand. EG Capital and The Carlyle Group, which bought Water Pik in 2007, sold the company to an investor group led by New York private-equity firm MidOcean Partners in 2013. At the time,…
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