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[edit]
- ^ "About Water Pik, Inc". www.waterpik.com.
- ^ a b c "Water Pik Technologies sold". BizWest.
- ^ a b "Water Pik Technologies". NNDB (Notable Names Database).
- ^ "Water Pik Technologies, Inc. Announces Completion of Merger". Business Wire.
- ^ "Harris Williams & Co. Advises Water Pik, Inc. in its Sale to MidOcean Partners and Vulcan Capital". HarrisWilliams&Co.
- ^ Vasquez, Justina, "Church & Dwight to Buy Water Pik for $1 Billion" (subscription required), Wall Street Journal, July 17, 2017. Retrieved 2017-07-17.