A Waterpik oral irrigator

Water Pik, Inc. (also Waterpik) is an American oral health products company based in Fort Collins, Colorado. A subsidiary of Church & Dwight, it produces personal and oral health care products such as oral irrigators and pulsating shower heads.[1]

Waterpik began in 1962 as Aqua Tec Corporation. with the invention of the oral irrigator.[2] It was acquired by Teledyne Inc in 1967 and was spun off as a public company, Water Pik Technologies, in 1999. It was then bought by the private equity firm Carlyle Group in 2006 in a deal valued at $380 million.[2][3] At this point Water Pik had six major facilities in the US and Canada.[4] Carlyle sold it the following year to EG Capital.[2]

In 2012, Waterpik was reported to have 1,400 employees.[3] In 2013 it was sold to MidOcean Partners and Vulcan Capital.[5] In 2017, MidOcean agreed to sell the company for $1 billion to Church & Dwight. At the time of the sale announcement, it was reported that the company had "$265 million of revenue in the fiscal year ended June 30, about 70% of which came from its water flosser products".[6]

References

  1. ↑ "About Water Pik, Inc". www.waterpik.com.
  2. 1 2 3 "Water Pik Technologies sold". BizWest.
  3. 1 2 "Water Pik Technologies". NNDB (Notable Names Database).
  4. ↑ "Water Pik Technologies, Inc. Announces Completion of Merger". Business Wire.
  5. ↑ "Harris Williams & Co. Advises Water Pik, Inc. in its Sale to MidOcean Partners and Vulcan Capital". HarrisWilliams&Co.
  6. ↑ Vasquez, Justina, "Church & Dwight to Buy Water Pik for $1 Billion" (subscription required), Wall Street Journal, July 17, 2017. Retrieved 2017-07-17.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.