Energizer Holdings completes spin off from Edgewell Personal Care
ST. LOUIS — Energizer Holdings announced on Wednesday that it has completed the spin off from its former parent company, newly named Edgewell Personal Care Co., and has begun operating as an independent, publicly traded entity.
The new Energizer will be called Energizer Holdings and will trade under the ticker symbol "ENR." Starting Wednesday, the new Energizer will begin "regular-way" trading on the New York Stock Exchange.
"We are pleased to carry forward the globally recognized name and legacy of Energizer, and we are excited to begin a successful new era in our company's history," stated Alan Hoskins, CEO of Energizer Holdings. "We will lead the charge with a renewed focus on our core business of batteries and portable lighting products, building upon the strength of our two iconic brands, Energizer and Eveready, and our leading market positions around the world. With a strong tradition of bringing innovation to our product categories and a relentless focus on cost savings, we are committed to driving long-term value for our shareholders, customers and consumers."
In connection with the listing of its shares of common stock on the NYSE, members of Energizer's management team will ring the NYSE Opening Bell on Thursday.
As previously announced, common stockholders of record as of the close of business on June 16, the record date for the distribution, received one share of Energizer for each share of Edgewell common stock held as of the record date. The distribution of Energizer shares was made in book-entry form and no action or payment by Edgewell shareholders was required to receive Energizer shares. No physical share certificates of Energizer were issued.
Unilever to acquire Dermalogica skin care brand
LONDON — Unilever has signed an agreement to acquire skin care brand Dermalogica, which is sold in salons and spas worldwide.
Terms of the deal were not disclosed. The transaction is subject to customary regulatory approvals.
The brand, which had a turnover of $240 million in 2014, will be incorporated into Unilever’s Prestige division.
Dermalogica was launched in 1986 in Los Angeles by Jane and Raymond Wurwand; following the earlier creation of The International Dermal Institute in 1983 to provide training to licensed skin therapists.
Dermalogica is currently sold in more than 80 countries, and offers both a range of in-home products, as well as a specialist offering for professional skin therapists. The brand is sold in locations where there is a licensed skin care professional who can provide advice on how to address skin problems such as hyperpigmentation, acne, aging, and sensitive skin, among other skin conditions that Dermalogica is designed to tackle.
“We are delighted to be adding Dermalogica to the Unilever Prestige personal care portfolio. Dermalogica enjoys an outstanding reputation and incredible awareness among skin care professionals and consumers alike, and has a clear positioning as a superior skin health brand that perfectly complements the rest of our Prestige offering. Importantly, it is a company founded on strong values and a common belief, shared by Unilever, in the role of business as a force for good in society. Dermalogica has great distribution and presence globally; and I am pleased that Jane and Raymond have retained an interest in the company and will continue to work with us to grow the brand,” stated Paul Polman, Unilever CEO.
Crystal Deodorant launches new scent
BURLINGAME, Calif. — Crystal Deodorant, a maker of natural mineral salt deodorant, is launching a new scent to complement its line of natural scented deodorants.
Like its other Crystal deodorant products and scents, Crystal essence Vanilla Jasmine combines a natural fragrance with Crystal's natural mineral salts that prevent odor for 24 hours with one application, according to the company.
All of Crystal's products are dermatologist tested with no aluminum chlorohydrate. Crystal Deodorant is hypoallergenic, non-staining, non-sticky and free of dyes, phthalates and parabens.
Vanilla Jasmine will be available everywhere Crystal Deodorant is sold for $4.75. It can be found in green packaging, along side of Crystal Essence Lavender & White Tea, Chamomile & Green Tea and Pomegranate.