Freudenberg, parent company of cleaning brand O-Cedar, has signed a final agreement to acquire the Playtex Gloves business from Edgewell Personal Care.
Playtex has been operating in the market for more than 65 years under the Playtex Living and Handsaver brands. The transaction is expected to be completed in the fourth quarter of this year.
“Through this acquisition, we are continuing the growth strategy of Freudenberg Household Products in the U.S.,” said Tim Molek, president Americas of Freudenberg Household Products. “Freudenberg is already the global market leader in consumer household gloves. The acquisition of Playtex Gloves will extend our global expertise and product assortment to the North American market.”
Javier Sala, U.S. general manager of Freudenberg Household Products, added, “Through this acquisition, we will be creating significant added value for our customers and will be able to offer an even better, more innovative product range to consumers.”