Del Laboratories Confirms That Kelso and Company Will Contribute Additional Funds to DLI Holding Corporation
December 07 2004 - 12:05PM
PR Newswire (US)
Del Laboratories Confirms That Kelso and Company Will Contribute
Additional Funds to DLI Holding Corporation UNIONDALE, N.Y., Dec. 7
/PRNewswire-FirstCall/ -- Del Laboratories, Inc. (AMEX:DLI) today
confirmed that Kelso & Company will contribute an additional
$30 million to DLI Holding Corp., the entity that will acquire Del
Laboratories, Inc. for $35 per share in cash. Earlier today, Del
announced that, by mutual agreement, Church & Dwight, Co., Inc.
(NYSE:CHD), will not be a participant in DLI Holding. Kelso's
additional $30,000,000 contribution will replace the equity
contribution previously committed by Church & Dwight. Del
Laboratories, Inc., markets and manufactures leading cosmetics and
over the counter pharmaceuticals. The Company's two flagship
brands, Sally Hansen and Orajel, are both leaders in their
respective categories, and continue to build revenues and market
share. Certain statements in this press release may constitute
"forward-looking statements" under the federal securities laws.
Forward-looking statements contain information that is subject to
certain risks, uncertainties, trends and other factors that could
cause actual results to be materially different from any future
results implied by such forward-looking statements. Factors that
might cause such a difference include, but are not limited to:
delays in introducing new products or failure of consumers to
accept new products; actions by competitors which may result in
mergers, technology improvement or new product introductions; the
dependence on certain national chain drug stores, food stores and
mass merchandiser relationships due to the concentration of sales
generated by such chains; changes in fashion-oriented color
cosmetic trends; the effect on sales of lower retailer inventory
targets; the effect on sales of political and/or economic
conditions; the Company's estimates of costs and benefits, cash
flow from operations and capital expenditures; interest rate or
foreign exchange rate changes affecting the Company and its market
sensitive financial instruments including the Company's qualitative
and quantitative estimates as to market risk sensitive instruments;
changes in product mix to products which are less profitable;
shipment delays; depletion of inventory and increased production
costs resulting from disruptions of operations at any of our
manufacturing or distribution facilities; foreign currency
fluctuations affecting our results of operations and the value of
our foreign assets and liabilities; the relative prices at which we
sell our products and our foreign competitors sell their products
in the same market; our operating and manufacturing costs outside
of the United States; changes in the laws, regulations and
policies, including changes in accounting standards, that effect,
or will effect, us in the United States and/or abroad; and trends
in the general economy. Although the Company believes that the
expectations reflected in such forward-looking statements are based
upon reasonable assumptions, it can give no assurance that its
expectations will be achieved. Without limitation, use of the
following words is intended to identify forward-looking statements:
"may," "will," "should," "expect," "anticipate," "estimate,"
"intend," "plan," or "continue" or the negative thereof or other
variations thereon. For further information on factors which could
impact the Company and the statements contained herein, please
refer to the Company's filings with the Securities and Exchange
Commission, including without limitation the Company's Annual
Report on Form 10-K and the "Management's Discussion and Analysis
of Financial Condition and Results of Operations" contained or
incorporated by reference therein and quarterly reports on Form
10-Q. Filings with the Securities and Exchange Commission are
available on the Company's website at http://www.dellabs.com/.
CONTACT: Enzo J. Vialardi Executive Vice President and Chief
Financial Officer Del Laboratories, Inc. 178 EAB Plaza P.O. Box
9357 Uniondale, New York 11553-9357 (516) 844-2050 DATASOURCE: Del
Laboratories, Inc. CONTACT: Enzo J. Vialardi, Executive Vice
President and Chief Financial Officer of Del Laboratories, Inc.,
+1-516-844-2050 Web Site: http://www.dellabs.com/
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