Church & Dwight (CHD) inks a deal to buy the Hero Mighty Patch brand (or Hero) and other acne treatment products. The deal is anticipated to close in the fourth quarter of 2022.
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EWING, N.J., September 06, 2022--Church & Dwight Co., Inc. (NYSE:CHD) has signed a definitive agreement to acquire the Hero Mighty Patch® brand (Hero) and other acne treatment products for $630 million, consisting of cash and Church & Dwight restricted stock. Mighty Patch® is the #2 brand in the acne category in the United States and the #1 patch brand in acne. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter.