Water Pik, Inc. (also Waterpik) is an American oral health products company based in
Fort Collins, Colorado. A subsidiary of
Church & Dwight, it produces personal and oral health care products such as
oral irrigators and pulsating
shower heads.
Waterpik began in 1962 as Aqua Tec Corporation. with the invention of the oral irrigator.
[ It was acquired by Teledyne Inc in 1967 and was spun off as a public company, Water Pik Technologies, in 1999. It was then bought by the ]private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
firm Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and pri ...
in 2006 in a deal valued at $380 million.[
In 2012, Waterpik was reported to have 1,400 employees.][ In 2013 it was sold to ]MidOcean Partners
MidOcean Partners is a New York-based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.
The firm, founded in February 2003, is based in Midtown Manhattan. MidOcean was original ...
and Vulcan Capital. In 2017, MidOcean agreed to sell the company for $1 billion to Church & Dwight. At the time of the sale announcement, it was reported that the company had "$265 million of revenue in the fiscal year ended June 30, about 70% of which came from its water flosser products".[Vasquez, Justina]
"Church & Dwight to Buy Water Pik for $1 Billion"
, ''Wall Street Journal'', July 17, 2017. Retrieved 2017-07-17.
References
1962 establishments in Colorado
Companies based in Colorado
Church & Dwight brands
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