Carrollton-based Jack Black Sold to Company That Owns Schick, Hawaiian Tropic, Playtex, Carefree, Wet Ones

Jack Black, the men's skincare brand founded in Dallas in 2000, has agreed to be sold to St. Louis-based Edgewell Personal Care Co. for an undisclosed price.Carrollton-based Jack Black grew into the largest U.S. men's prestige brand after it was picked up by major department stores including Nordstrom and Dallas-based Neiman Marcus.Jack Black Turbo Wash, for both hair and body, is the No. 1 body cleanser in the U.S., according to NPD Group's prestige skin care market reports, and has been for several years.Edgewell's stock trades on the New York Stock Exchange and has a market cap of $3.2 billion and sales last year of $2.3 billion. Edgewell's consumer product are focused on shaving, feminine care, sun care and infants. Schick, Playtex, Stayfree, Carefree, Banana Boat, Hawaiian Tropic, Diaper Genie and Wet Ones are among its well-known brands.Edgewell has struggled to grow sales as men's shaving business has been hurt by new entrants such as Dollar Shave Club, which is now owned by competitor Unilever, and the fashion trend of men wearing beards.Edgewell chief operating officer Colin Hutchinson said in a statement that Jack Black is a "breakthrough brand, driving the growth of the luxury men's category through product innovation and cultivation of a highly engaged, loyal and growing customer base." The deal was announced Thursday.  Continue reading...