This report does not constitute a rating action. CHICAGO (S&P Global Ratings) May 12, 2025--S&P Global Ratings today said that Church&Dwight Co. Inc.'s (BBB+/Stable/A-2) announcement it will acquire the Touchland brand will provide the company with a high-growth, asset-light collection of hydrating hand sanitizer products to add to its portfolio of power brands. The up to $880 million total purchase price for the transaction, which management intends to pay with $700 million of cash and restricted stock at close and a contingent consideration of up to $180 million, will increase Church&Dwight's pro forma S&P Global Ratings-adjusted leverage to about 1.5x from 1.0x as of March 31, 2025. Our ratings on the company are not affected by
