Playtex Products, Inc.
NYSE : PYX

July 14, 2005 16:47 ET

Playtex Canadian Operations Restructuring

MISSISSAUGA, Ontario--(CCNMatthews - Jul 14, 2005) -

As part of the Company's previously announced overall strategy and realignment plans, Playtex Products, Inc. (NYSE: PYX) announced it is restructuring its Canadian operations. Approximately 60 Canadian associates are being impacted by the actions taken this week in Arnprior and Mississauga, Ontario.

As a result of the efforts to combine Canadian and U.S. resources into one North American team, certain Canadian operations will be relocating to the Company's U.S. facilities. The Company's manufacturing facility located in Arnprior, Ontario, which currently packages tampons and infant feeding products, will begin a phased shut down, with a targeted completion date of first quarter 2006. With the shut down of this facility, some functions will be moved from the Arnprior facility to the Mississauga facility and all product supply will now be furnished through the appropriate U.S. operation. Arnprior gloves production is being outsourced to Malaysia as previously announced in February.

President and Chief Executive Officer, Neil P. DeFeo stated, "As part of our overall strategy to reduce organizational complexity and obtain a more competitive cost structure, we are moving to a consolidated North American structure. The Company is making every effort to ease the transition for affected employees.

Playtex Products, Inc. is a leading manufacturer and distributor of a diversified portfolio of Feminine Care, Infant Care and Skin care products, including Playtex tampons, Playtex infant feeding products, Diaper Genie, Banana Boat, Wet Ones, Baby Magic, Mr. Bubble and Playtex gloves.

With the exception of the historical information contained in the release, the matters described herein contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, the inability to grow operating income, EBITDA and earnings per share or reduce debt, interest expense and leverage ratios to the target levels, the ability to save targeted amounts as part of the restructuring and realignment plans, general economic conditions, interest rates, competitive market pressures, the loss of a significant customer, raw material and manufacturing costs, capacity limitations, the ability to integrate acquisitions, adverse publicity and product liability claims, capital structure, the impact of weather conditions on sales, and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update such information.

Contact Information

  • Playtex Canada
    Michael Hogg, President
    905-677-6211