Water Pik

WaterPik, Inc. is an American company based in Fort Collins, Colorado, that produces various personal and oral health care products including the lines of oral irrigators and pulsating shower heads.

The company began in 1962 as Aqua Tec Corporation[1] 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 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 it was reported to have 1400 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]

ReferencesEdit

  1. ^ "About Water Pik, Inc". Water Pik, Inc.
  2. ^ a b c "Water Pik Technologies sold". BizWest.
  3. ^ a b "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.