Foundation Consumer Brands Acquires Seven OTC Brands from GlaxoSmithKline
October 1, 2020
Foundation Consumer Brands (backed by Juggernaut Capital Partners and Kelso & Company) acquired a portfolio of seven over-the-counter (OTC) brands from GlaxoSmithKline Consumer Healthcare. The transaction transfers brands including Breathe Right and Children's Dimetapp into a new PE-backed OTC platform (Foundation Consumer Brands), which will leverage existing management and distribution relationships with Foundation Consumer Healthcare and Ceuta Healthcare Group to drive growth.
- Buyers
- Foundation Consumer Brands, Juggernaut Capital Partners, Kelso & Company (Kelso Fund X)
- Targets
- Breathe Right Nasal Strips, Children's Dimetapp, Anbesol, Alavert, Dristan, Primatene Tablets, FiberCon
- Sellers
- GlaxoSmithKline Consumer Healthcare
- Platforms
- Foundation Consumer Brands
- Industry
- Pharmaceuticals
- Location
- United States
- Transaction Type
- Divestiture
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