Energizer to buy Playtex

St. Louis-based Energizer Holdings Inc., the parent company of Schick-Wilkinson Sword, announced it will acquire Westport-based Playtex Products Inc. for $18.30 per share, plus the assumption of Playtex debt. The value of the transaction is estimated at $1.9 billion. Energizer, known for it’s drum-beating bunny, plans to diversify its portfolio of products in the personal care industry, which will balance out the company’s household goods business.