THE WHAT? Edgewell Personal Care has completed the sale of its Feminine Care business to Swedish health and hygiene group Essity in a US$340 million transaction.
THE DETAILS Following the sale, Edgewell plans to use the net proceeds primarily to strengthen its balance sheet and pay down its U.S. revolving credit facility, while continuing to invest in the long-term growth of its core categories.
The divestment is part of Edgewell’s broader portfolio transformation, sharpening its focus on shave, sun and skin care, and grooming brands. The company will work with Essity under a transition services agreement covering areas such as IT, operations, quality assurance and supply chain for at least one year to ensure continuity for employees, customers and consumers. Pro forma financial information reflecting the business as a discontinued operation will be disclosed in upcoming regulatory filings and earnings updates.
THE WHY? By exiting the Feminine Care category, Edgewell is simplifying its portfolio and reallocating capital toward higher-priority core businesses, improving financial flexibility and positioning the company for more focused, sustainable growth.
Source: PR Newswire
