From toothpaste, to home-chemicals, to dad-approved phone accessories, this roundup has all the fatherly trappings to catch your dad’s attention whether he’s workin’ hard, or hardly workin’.
Novartis sells consumer health stake to GSK
GlaxoSmithKline is buying out Novartis’ 36.5% stake in their joint consumer health business for $13B.
This gives GSK total control over the drug company’s over-the-counter products, like toothpaste brands Aquafresh (the official toothpaste of dads), Sensodyne (the official toothpaste of sensitive dads), and several cold meds, like Theraflu (the official medicine of sick dads).
Carlyle buys Akzo Nobel’s chemical biz
The Carlyle Group and Singapore wealth fund GIC have agreed to acquire the specialty chemicals unit of Akzo Nobel for around $12.6B.
The sale fits into Akzo’s plan to boost its share price after fighting off a $27.6B takeover last year from their rival PPG Industries Inc.
Akzo’s chemicals are used in a laundry list of products, like plastic bags and solar panels, AKA a dad’s two favorite things besides the Golf Channel.
Ok, this one was a stretch, we get it.
Foxconn to acquire accessory maker Belkin
And now, arguably the most important dad-news in the history of fathers: Foxconn, the manufacturing giant known for constructing the iPhone and other gear, is buying Belkin, a leading techccessory maker, for $866m.
You can thank Dad for keeping the cell phone belt holster-maker in business for all these years.
Aside from belt-accessible phone cases, the Los Angeles-based company also owns other dad faves, like Linksys line routers for all his television watching needs.