Prince of Peace pledges support of Avon Walk for Breast Cancer Chicago
HAYWARD, Calif. — Prince of Peace Enterprises on Wednesday announced that its Tiger Balm brand is a premier sponsor of the Avon Walk for Breast Cancer Chicago, taking place June 1 to 2. The 2-day Walk travels from Soldier Field to Horner Park and back again.
“This marks our second year of uniting with the people of Chicago in our collective fight against a terrible disease,” stated Kenneth Yeung, president of Prince of Peace Enterprises. “We were privileged to support the 2012 event that raised $6.3 million to advance access to care and finding a cure for breast cancer and awareness for this worthwhile cause, and we look forward to continuing to support this event this year.”
As part of its sponsorship, Tiger Balm U.S. will distribute free samples of Tiger Balm Ultra Strength Ointment from its tent at the Avon Wellness Village on the first day of the Walk.
Tiger Balm U.S. is also sponsoring two other Avon Walk for Breast Cancer events in 2013 in San Francisco (Sept. 28 to 29) and New York (Oct. 19 to 20).
In addition to sponsoring key local events, Prince of Peace is promoting the Avon Walk message on a national level by including Avon stickers on the packaging of Tiger Balm Neck & Shoulder Rub.
Mylan Specialty promotes allergy awareness through baseball
BASKING RIDGE, N.J. — Mylan Specialty is extending a marketing campaign around its line of emergency treatments for severe allergic reactions.
The drug maker, a division of generic drug manufacturer Mylan, announced that it would partner with several baseball teams to sponsor Allergy Awareness games at stadiums around the country, starting with the Pittsburgh Pirates, who will play against the Cincinnati Reds on Friday at Pittsburgh’s PNC Park. Mylan Specialty manufactures the EpiPen Auto-Injector for allergic reactions, also known as anaphylaxis, and the campaign is to mark the 25th anniversary of its approval by the Food and Drug Administration.
"In 2012, Mylan partnered with the Pittsburgh Pirates to host the first annual Allergy Awareness game, and we are excited to expand the effort this year with events across the country," Mylan CEO Heather Bresch said. "We are proud to partner with these teams to help families managing severe allergies attend a baseball game for what may be their first time at the ballpark."
Domtar to expand personal care business with acquisition of Associated Hygienic Products
MONTREAL — Domtar Corporation on Tuesday announced the signing of a definitive agreement for the acquisition of privately-held Associated Hygienic Products, the largest manufacturer and supplier of store brand infant diapers in the United States, from DSG International for $272 million. The closing of the transaction is expected by the end of the second quarter of 2013, subject to customary closing conditions.
"The market for store brand infant diapers is growing steadily in North America driven by high quality products and a strong value proposition. The acquisition of AHP will provide meaningful market expansion opportunities and innovative product development capabilities with our existing personal care business, as well as synergies to the bottom line," said John D. Williams, president and CEO of Domtar. "This will be our fourth transaction in personal care in two years, and with it the division will reach over $200 million in annualized EBITDA by 2017. This earnings runway is part of our company-wide goal of having $300-$500 million in annualized EBITDA from growing businesses over the next four years."
AHP manufactures and markets infant diapers in the U.S. with established long-term relationships in the retail distribution channels. AHP operates two large modern facilities, a 376,000 square-foot manufacturing facility in Delaware, Ohio, and a 312,000 square foot manufacturing facility in Waco, Texas. The company also has administrative offices and operates a distribution center in Duluth, Ga. AHP has 621 employees and has annual run rate sales and EBITDA of $320 million and $31 million respectively.
It is anticipated that the integration to Domtar’s personal care division will provide annualized synergies of $10 million within two years. The synergies will come from a combination of lower purchasing costs, a reduction in general and administrative costs and sharing of best practices in manufacturing and product development.
Commenting on the benefits of the acquisition, Michael Fagan, senior vice president, personal pare said, "This acquisition will add a key product line to our offering, a competitive manufacturing base to our existing footprint and solid access to the retail channels for our adult incontinence products. AHP invests heavily in research and development and brings to the marketplace quality products, a highly trained workforce and the know-how to service large retailers. I am also impressed with the substantial investments made in the past five years in the facilities, which will limit the capital requirements for the foreseeable future."
The acquired business will be integrated in the personal care segment of Domtar’s financial information filed to the Securities and Exchange Commission.