Prestige Brands Holdings, Inc. Completes Purchase of Blacksmith Brands

Prestige Brands Holdings, Inc. PBH today announced that it has completed its previously announced purchase of Blacksmith Brands Holdings, Inc. The transaction was finalized under the original terms announced on September 20th, which called for Prestige to pay $190 million in cash at closing plus a customary working capital adjustment that amounted to $13.4 million. Prestige recently completed a financing of additional bond and bank debt to fund the acquisition and one-time related expenses.