Edgewell Personal Care Company has finalized the sale of its feminine care division to Essity for $340 million. The transaction marks the completion of Edgewell’s strategic move to divest this segment of its business.
The sale allows Edgewell to focus more on its core personal care products, while Essity expands its portfolio in the feminine care market. Both companies expect the deal to support their respective growth objectives.
**Why this matters**
This transaction highlights a shift in Edgewell’s business strategy toward concentrating on key product categories. For Essity, acquiring the feminine care business strengthens its position in the global hygiene market, potentially increasing its market share and product offerings.
Source: NewsData