Prestige Brands

Type: Public
On the web: http://www.prestigebrands.com
Employees: 100
Employee growth: 12.4%

Prestige Brands is a lifesaver in the business of resuscitating offloaded consumer brands. The firm acquires, develops, and markets over-the-counter (OTC) drugs and household cleaning products. Prestige Brands' portfolio includes Chloraseptic, Clear Eyes, Comet, Compound W, Dermoplast, Doctor's Nightguard, Little Remedies, Murine, New-Skin, and many others. Prestige Brands contracts out manufacturing of its products, which are sold through mass merchandisers and retail stores primarily in North America. The company was formed in 1996 to acquire and revitalize leading but neglected consumer brands divested by major consumer companies, such as Procter & Gamble.

Key numbers for fiscal year ending September, 2011:
Sales: $336.5M
One year growth: 11.4%
Net income: $29.2M
Income growth: (9.0%)

Officers:
President, CEO, and Director: Matthew M. (Matt) Mannelly
SVP Operations: Lieven Nuyttens
CFO: Ron Lombardi

Competitors:
Clorox
Johnson & Johnson
Procter & Gamble

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Prestige Brands, Inc.

Type	Public
Traded as	NYSE: PBH
Industry	TBA
Founded	1999
Headquarters	Irvington, New York, U.S.
Products	HABA, cleaning supplies
Revenue	US$ 336,510 million (2011)[1]
Operating income	US$ 48,528 million (2011)[1]
Net income	US$ 29,220 million (2011)[1]
Total assets	US$ 1.056,918 million (2011)[1]
Total equity	US$ 361,832 million (Year Ended December 31 2011)[1]
Employees	100 (2011)[1] homepage = www.prestigebrandsinc.com

Prestige Brands, Inc. is a company that manufactures personal care and home cleaning products. It was formed by the merger of Medtech Products, Inc., Prestige Brands International, and The Spic and Span Company. The company is headquartered in Irvington, New York.

Brands owned by Prestige Brands include Cutex nail products, Chloraseptic sore throat products, Clear Eyes, Compound W wart remover, Dramamine, Efferdent, Luden's, and the Comet and Spic and Span cleaning products.

The company's CEO and Chairman is Matthew M. Mannelly.

History

Prestige Brands Holdings, Inc., was originally formed in 1996, as a joint venture of Medtech Labs and The Shansby Group, to acquire over-the-counter drug brands from American Home Products.

Prestige Brands International was organized in 1999 to acquire and revitalize leading, neglected but healthy brands that were discontinued by major consumer products companies that originally made them.

In 2009, Prestige sold its Denorex and Prell brands of shampoo.

It had recently acquired Blacksmith Brands.

In December 2011, the company agreed to a $660 million deal with GlaxoSmithKline, which will sell 17 brands with sales of $210 million, including BC Powder, Beano, Ecotrin, Fiber Choice, Goody's Powder, Sominex and Tagamet.^[2]

References

1. ^ ^{a b c d e f} [ir.prestigebrands.com/ "10-k"]. Prestige Brands, inc.. ir.prestigebrands.com/. 
2. ^ Ranii, David (21 December 2011). "GSK sells BC, Goody's and other brands". News & Observer. http://blogs.newsobserver.com/business/gsk-sells-bc-goodys-and-other-brands. 

External links

• Prestige Brands web site
• Marketwatch - Prestige Brands Hldgs Inc

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