Edgewell Personal Care Co (EPC)

[Enterprising Investor]

Edgewell Personal Care Issues Statement Regarding Procter & Gamble Lawsuit (8/23/16)

ST. LOUIS, Aug. 23, 2016 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) ("Edgewell") today issued the following statement in response to Procter & Gamble Company's (NYSE: PG) ("P&G") lawsuit regarding Edgewell's 3-bladed private label razors:

We believe P&G's allegations have no basis. Gillette's MACH3® patents have expired and we are confident in the quality and performance of our private label products. We will vigorously defend ourselves against these meritless claims and will continue to support our valued customers around the world.

About Edgewell
Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand names such as Schick® and Wilkinson Sword® men's and women's shaving systems and disposable razors; Edge® and Skintimate® shave preparations; Playtex®, Stayfree®, Carefree® and o.b.® feminine care products; Banana Boat® and Hawaiian Tropic® sun care products; Playtex® infant feeding, Diaper Genie® and gloves; and Wet Ones® moist wipes. The Company has a broad global footprint and operates in more than 50 markets, including the U.S., Canada, Mexico, Germany, Japan and Australia, with approximately 6,000 employees worldwide.

http://www.prnewswire.com/news-releases/edgewell-personal-care-issues-statement-regarding-procter--gamble-lawsuit-300317266.html