Arm & Hammer toothpaste maker Church & Dwight said on Monday it would buy privately held Water Pik, which makes oral hygiene products and shower heads, for about $1 billion in cash.
Fort Collins, Colorado-based Water Pik makes items in the oral health space including flossers and electric toothbrushes. Its namesake product, the Water Pik Water Flosser, cleans teeth by using a pump to send a water jet through a plastic tip.
Water Pik, which had net sales of about $265 million in the year ended June 30, will be bought from private equity firm MidOcean Partners, Church & Dwight said.
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