A short history of Trojan condoms. The Carter Medicine Company was founded in 1880, which at that time marketed one product, Carter's Little Liver Pills. In the early 1930's a research chemist named John H. Wallace aided in the development of Arrid® deodorant.

Carter Medicine Company became Carter Products in 1937, then renamed Carter-Wallace, Inc. in 1965, and since then have developed such products as Nair®, Pearl Drops®, First Response®, and Trojan Condoms.

Trojan condoms have for some time been America's #1 Condom brand, and have several newly introduced condoms including Trojan Supra Condom, Trojan Magnum XL Condom, Trojan Her Pleasure Condom, and Trojan Extended Pleasure Condom, along with its 25 or more other styles of Trojan Condoms.

CHURCH & DWIGHT ACQUIRES CARTER-WALLACE
CONSUMER PRODUCTS BUSINESS

PRINCETON, NJ, OCTOBER 1, 2001 - Church & Dwight Co., Inc. (NYSE:CHD) today said that it has completed the previously announced acquisition of Carter-Wallace's (NYSE:CAR) consumer products business in a partnership with the private equity group, Kelso & Company, for a total purchase price of $739 million. As part of this transaction, Church & Dwight purchased Carter-Wallace's antiperspirant and pet care businesses outright for $128.5 million; and Armkel LLC, a 50/50 joint venture with Kelso, acquired the remainder of Carter-Wallace's domestic and international consumer products businesses for an additional $610.5 million.

The acquired businesses, with reported annual sales of approximately $550 million, include such well-known brands as Arrid® antiperspirants, Trojan condoms, Nair® depilatories, First Response® pregnancy test kits and Lambert Kay® pet care products.