History
In February 2015, Energizer Holdings announced that it would split into two companies. [6] The original entity, Energizer Holdings, Inc, would be converted to a personal care company and renamed Edgewell Personal Care. The household products and assets would be transferred to a new entity, Energizer SpinCo, Inc, that would then be renamed to (new) Energizer Holdings, Inc. [7] David Hatfield, who was president and CEO of Energizer Personal Care at the time was named CEO of the Edgewell brand. [6]
In January 2018, Edgewell announced it had entered an agreement to acquire luxury men's skincare brand Jack Black for an undisclosed sum. [8] The deal closed in March 2018. [9]
In May 2019, Edgewell announced it would purchase the razor company Harry's, including their female-focused Flamingo brand, for $1.37 billion. [10] In October 2019, Edgewell announced that they were selling their diaper and cat litter disposal businesses to Le Holding Angelcare Inc. for $122.5 million. [11]
The FTC announced on February 3, 2020 that it would seek to block Edgewell from purchasing the startup razor company Harry's on concerns of price manipulation. [12] Edgewell announced on February 10, 2020 that it is terminating its merger agreement with Harry's after the FTC sued to block the $1.37 billion deal. [13]
In September 2020, Edgewell announced it was acquiring the shaving products brand CREMO for an all-cash transaction of $235 million. The acquisition was completed in September 2020. [14] [15]
In November 2021, Edgewell announced it had acquired women's body brand Billie in an all-cash transaction at a purchase price $310 million. [16]
In 2022 and 2023, Edgewell issued a recall of some of its Banana Boat sunscreen due to the presence of benzene, a known carcinogen. [17] [18] [19]
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