CHD · 10-Q · 2026Q3 · Full report

Acquisitions and Divestitures

CHURCH & DWIGHT CO INC /DE/ · 2026-10-30 · Importance 52 · Surprise 42 · Contradicted

On May 28, 2026, Church & Dwight acquired the Miss Mouth’s Messy Eater brand for $300.0 million cash at closing, with $25.0 million of deferred purchase price; the brand had approximately $80.0 million in 2025 annual net sales and is managed in Consumer Domestic. The acquisition was financed with cash on hand and commercial paper borrowings, and preliminary purchase accounting included a $300.0 million trade name and $20.5 million of goodwill. The company also paid $158.7 million in April 2026 to settle the Touchland acquisition’s sales-threshold liability, following its July 2025 acquisition for $656.0 million net of cash acquired. Touchland’s founder received rights to company shares valued at $50.0 million, with associated compensation expense of $18.9 million for the first nine months of 2026.

Key facts

• The Company completed the Miss Mouth's Messy Eater brand acquisition on May 28, 2026, paying $300.0 million cash at closing and deferring $25.0 million of the purchase price. source
• The Company paid $300.0 million in cash at closing for Miss Mouth's and deferred $25.0 million of the purchase price; $10.0 million was paid in the third quarter of 2026 and an additional $5.0 million is expected to be paid in the fourth quarter of 2026 for seller post-closing activities. source
• The Company paid $656.0 million, net of cash acquired, at the Touchland closing and paid a further $158.7 million in April 2026 based on 2025 net sales thresholds. source
• In the VMS divestiture, the Company removed PP&E of $142.9 million, inventory of $54.0 million, goodwill of $12.6 million and other net assets including leases of $9.3 million, and received net cash proceeds of $160.3 million. source
• The Company paid $158.7 million in April 2026 to satisfy the Touchland business acquisition liability tied to 2025 net sales thresholds; the liability had an initial fair value of $140.0 million and was increased to $158.7 million, with $18.7 million of expense recorded in Consumer Domestic in 2025. source
• Of the deferred Miss Mouth's purchase price, $10.0 million was paid in the third quarter of 2026 and an additional $5.0 million is expected to be paid in the fourth quarter of 2026 for seller post-closing activities. source
• Touchland's founder received rights to Company common stock valued at $50.0 million, vesting on the first- and second-year anniversaries of closing, with compensation expense recognized ratably over the two-year vesting period if the founder remains employed. source
• The remaining Miss Mouth's acquisition amount includes indemnity obligations of $4.0 million payable in the second quarter of 2029 and $6.0 million payable in the second quarter of 2031. source

Impact estimates