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Consumer OTC Drugs

Chattem's purchase of undisclosed oral care line for $5.5 mil. expected to close June 5.

This article was originally published in The Tan Sheet

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Executive Summary

CHATTEM'S PURCHASE OF UNDISCLOSED ORAL CARE LINE FOR $5.5 MIL. is expected to close on or about June 5, the Chattanooga, Tenn.-based company announced May 24. The purchase agreement includes inventory and receivables and involves a 5% royalty for seven years. Chattem declined to identify the brand or the seller, noting that "further details regarding the acquired brand cannot be revealed until closing pursuant to an agreement with the seller."

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