MidOcean to sell Water Pik for $1 bln

MidOcean Partners has agreed to sell Water Pik Inc to Church & Dwight Co Inc for about $1 billion cash. The deal is expected to close in third quarter. Water Pik is a marketer and distributor of branded oral health products and replacement showerheads. Harris Williams and Wells Fargo provided financial advice, while Kirkland & Ellis LLP acted as legal adviser to MidOcean Partners.

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