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Edgewell said it was “exploring strategic alternatives for the Feminine Care and Infant Care businesses, including the potential sale of one or both businesses.” National Bank Financial Inc. is acting as financial advisor to Angelcare.

"The transaction is subject to receipt of regulatory and other customary closing conditions and is expected to close by the end of the 2019 calendar year.Angelcare's CEO, Sylvain Brosseau, said, "The addition of the Infant and Pet Care business continues our efforts to broaden our portfolio of products that help children thrive. We appreciate the continued hard work of our Infant and Pet Care colleagues as we complete the sale process and are confident they will enjoy continued success under new ownership.

SHELTON, Conn. and MONTREAL, Oct. 21, 2019 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced that it has entered into a definitive agreement to sell its Infant and Pet Care business to Le Holding Angelcare Inc. ('Angelcare') for $122.5 million. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.SOURCE Edgewell Personal Care Company"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," said Rod Little, Edgewell's President and Chief Executive Officer. Edgewell Personal Care was formed by the renaming of Energizer Holdings; Energizer's battery business was then spun-off as Energizer Household Products and then renamed Energizer Holdings. SHELTON, Conn. and MONTREAL, Oct. 21, 2019 /PRNewswire/ -- Edgewell Personal Care Company today announced that it has entered into a definitive agreement to sell its Infant and Pet Care... | … '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. SHELTON, Conn. and MONTREAL, Oct. 21, 2019 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced that it has entered into a definitive agreement to sell its Infant and Pet Care business to Le Holding Angelcare Inc. Additional information concerning these and other factors that could cause the Company's actual results to vary is, or will be, included in the Company's periodic and other reports filed with the Securities and Exchange Commission.
We cannot assure you that any of our expectations, estimates or projections will be achieved. "This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In addition, Angelcare will have the exclusive rights to the Playtex® brand in the infant and pet spaces including in cups, bottles, and mealtime products in U.S. and Canada under license from Playtex Marketing Corporation, and elsewhere around the world under license from HBI Branded Apparel Enterprises, LLC.Mr. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. ''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,' said Rod Little, Edgewell's President and Chief Executive Officer. SHELTON, Conn. and MONTREAL, Oct. 21, 2019 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced that it has entered into a definitive agreement to sell its Infant and Pet Care business to Le Holding Angelcare Inc. ('Angelcare') for $122.5 million.Goldman Sachs & Co. LLC is acting as financial advisor to Edgewell and Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Edgewell.

We look forward to growing our company and continuing to deliver peace of mind to parents. SHELTON, Conn. and MONTREAL, Dec. 19, 2019 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced that it has completed the sale of its Infant and Pet Care business to Le Holding Angelcare Inc. ("Angelcare") for $122.5 million in cash. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements.
'Edgewell expects to use net proceeds from the sale to strengthen its balance sheet.Under the terms of the agreement, the Angelcare group will acquire from Edgewell Personal Care Brands, LLC the rights and assets of Diaper Genie®, the diaper disposal system, and Litter Genie®, the cat litter disposal system. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of Edgewell Personal Care Company ('Edgewell', 'we' or 'our Company') or any of our businesses.