Church & Dwight Completes Purchase of Water Pik

EWING, N.J.–(BUSINESS WIRE)–Church & Dwight Co., Inc. (NYSE:CHD) has completed its previously
announced acquisition of Water Pik, Inc. (“Waterpik”), the market leader
in water-jet technology in both oral water flossers and replacement
showerheads.

The transaction was completed substantially under the original terms
announced on July 17, 2017, which called for Church & Dwight to pay
approximately $1 billion in cash at closing.

“Oral care is important to us strategically,” said Matthew T. Farrell,
Church & Dwight Chief Executive Officer. “Waterpik represents a powerful
addition to our existing oral care portfolio which includes ARM & HAMMER
toothpaste, SPINBRUSH battery-operated toothbrushes and ORAJEL oral
analgesics. The flosser products business is a fast-growing platform and
capitalizes on the trends of increased gum disease, oral care awareness
across all demographics and expansion of the middle-class in emerging
markets. The Waterpik brand has a strong reputation among dental care
professionals. Our oral care portfolio gives Church & Dwight a leading
position in a growing category with tailwinds as the population ages and
consumer interest in oral health continues to expand.”

Church & Dwight Co., Inc. manufactures and markets a wide range of
personal care, household and specialty products under the ARM & HAMMER
brand name and other well-known trademarks.

This press release contains forward-looking statements, including,
among others, statements relating to the impact of the Waterpik
acquisition and anticipated consumer demand and spending. These
statements represent the intentions, plans, expectations and beliefs of
the Company, and are based on assumptions that the Company believes are
reasonable but may prove to be incorrect. In addition, these
statements are subject to risks, uncertainties and other factors, many
of which are outside the Company’s control and could cause actual
results to differ materially from such forward-looking statements. Uncertainties
include assumptions as to market growth and consumer demand. Factors
that could cause such differences include, without limitation, the risk
that Waterpik will not be integrated successfully and the ability of
management to execute its plans with respect to the Company’s
initiatives.

For a description of additional factors that could cause actual
results to differ materially from the forward looking statements, please
see the Company’s quarterly and annual reports filed with the SEC,
including Item 1A, “Risk Factors” in the Company’s annual report on Form
10-K. The Company undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by the U.S. federal
securities laws. You are advised, however, to consult any further
disclosures the Company makes on related subjects in its filings with
the SEC.

Contacts

Church & Dwight Co., Inc.
Rick Dierker, 609-806-1900
Chief
Financial Officer