Edgewell Personal Care sells feminine care business to Essity for $340M

Edgewell Personal Care (EPC) Company announced that it has entered into a definitive agreement to sell its feminine care business to Essity, a leading global health and hygiene company based in Sweden, for $340M. The transaction is expected to close in the first quarter of calendar 2026, subject to customary closing conditions, including the receipt of required regulatory approvals. Edgewell’s feminine care business includes Playtex, Stayfree, Carefree and o.b.. Edgewell intends to use the net proceeds from the sale, after taxes and transaction costs, primarily to strengthen its balance sheet while continuing to invest in the long-term growth of its core businesses. Beginning in the first quarter of fiscal 2026, Edgewell will classify the Feminine Care business as discontinued operations. Following the transaction, Edgewell expects to incur certain stranded overhead costs, which for fiscal 2026, will be substantially offset by income generated from the provision of transition support services to Essity. For context, the company expects the impact of Feminine Care business sale on an annualized basis to be approximately 40c-50c in adjusted EPS and $35M-$45M in adjusted EBITDA, net of such income.