Angelcare to acquire infant and pet care business of Edgewell for $122m.

Angelcare, a developer and marketer of juvenile and pet hygiene solutions, agreed to acquire the infant and pet care business of Edgewell, an American consumer products company headquartered in Shelton, Connecticut, for $122m. "This transaction is the culmination of a thorough strategic review process to maximize the value of the Infant and Pet Care business, and an important milestone in Edgewell's portfolio transformation. We are taking decisive actions to reshape our company and focus on our core Personal Care brands, while realizing cost savings, paying down debt, driving growth, and delivering superior returns for investors," said Rod Little, Edgewell's President and Chief Executive Officer.