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Edgewell completes sale of infant, pet care business

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Edgewell completes sale of infant, pet care business

Edgewell Personal Care Co. said Dec. 19 that the company completed the sale of its infant and pet care business to Le Holding Angelcare Inc.

The Canadian company bought the infant and pet care business for $122.5 million in cash.

The net proceeds from the sale will be used to strengthen Connecticut-based Edgewell's balance sheet.