Yahoo Finance

Church & Dwight has struck a deal to buy the Touchland hand-sanitizer brand for up to $880 million. Church & Dwight on Monday said the deal includes $700 million in cash and restricted stock at closing, along with a contingent payment of up to $180 million tied to Touchland’s sales this year. Church & Dwight, the Ewing, N.J., maker of Arm & Hammer and OxiClean products, said Touchland generated sales of about $130 million and earnings before interest, taxes, depreciation and amortization of roughly $55 million for the 12 months ended March 31, adding that the brand is expected to post double-digit sales growth this year and next.