PBH · Prestige Consumer Healthcare Inc.

Summary

Prestige Consumer Healthcare Inc., through its subsidiary Prestige Brands, Inc., entered into an Asset Purchase Agreement on March 19, 2026, to acquire assets related to a portfolio of over-the-counter consumer health products including Breathe Right® from Foundation Consumer Brands, LLC for $1.045 billion in cash. The transaction, expected to close in the first half of Fiscal 2027 subject to customary conditions and antitrust clearance, adds scale and a new category to the Company's portfolio.

Key takeaways

• Entered Asset Purchase Agreement on March 19, 2026, with Foundation Consumer Brands, LLC
• Acquire assets including Breathe Right® and other brands for $1.045 billion cash
• Acquired portfolio generated ~$200 million revenue and ~$95 million EBITDA over twelve months ended December 31, 2025
• Expected closing in first half of Fiscal 2027, subject to HSR clearance and customary conditions
• Financed with cash on hand and new term loan; pro-forma net leverage ~4.0x at close
• Investor Presentation (Exhibit 99.1) and press release (Exhibit 99.2) furnished under Item 7.01