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Cenuco, Inc. Acquires a Series of Brands from Playtex Products, Inc.


LAWRENCEVILLE, N.J. -- Cenuco, Inc. (AMEX AMEX

See: American Stock Exchange
:ICU ICU intensive care unit.

ICU
abbr.
intensive care unit



ICU

see intensive care unit.

ICU 
) today announced that it has acquired a series of brands from Playtex Products, Inc., (NYSE NYSE

See: New York Stock Exchange
:PYX). The brands acquired include Baby Magic(R), Ogilvie(R), Tussy(R), Binaca(R), Mr. Bubble(R), Tek, Dentax(R), Chubs(R), Dorothy Gray(R), and Better Off(R). Cenuco plans to integrate the acquired brands into its Lander health and beauty care division. The purchase price for the brand assets is $57 million, subject to certain adjustments.

Financing for the acquisition has been provided by institutional investors, including Highgate House Funds.

Joseph A. Falsetti, Chairman and Chief Executive Officer of Cenuco, stated: "The acquisition of these brands from Playtex is an exceptional opportunity for our company to leverage its current infrastructure to create substantial operational efficiencies and build on our strategy of expanding in the premium value category. We are looking forward to working with our financing partners to continue to strengthen our unique positioning and accelerate customer value creation in our targeted segments of the market. This acquisition is expected to create attractive strategic and financial synergies as we continue to grow our business. This acquisition will be immediately accretive."

The Hermes Group LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 served as the financial advisor to Cenuco in connection with the asset acquisition and The Stanford Group advised Cenuco on the financing.

About Cenuco

Cenuco, through its Lander health and beauty care division, is a manufacturer, marketer and distributor the LANDER and LANDER essentials brands of health and beauty care products. Lander also produces private label brands for a limited number of top retailers through its Canadian facility. Lander is a leader in the growing marketplace for value health and beauty care (HBC HBC

a definition for medical records to denote 'hit by car'.
) products - sold in dollar store and value focused retailers such as Wal-Mart and Kmart. LANDER essentials is the Company's rapidly growing line of premium value bath and body products.

The Lander brand is recognized as the largest specialty bath brand as reported in 2004 by Information Resources, Inc. (IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. ), a global provider of market content and business performance management within consumer goods and retail industries. The company is headquartered in Lawrenceville, New Jersey Lawrenceville is a census-designated place and unincorporated area located within Lawrence Township in Mercer County, New Jersey. As of the United States 2000 Census, the CDP population was 4,081. Lawrenceville is located roughly halfway between Princeton and Trenton. . The company operates two manufacturing and distribution facilities, one in Binghamton, New York This article is about the City of Binghamton, New York. For the adjacent Town of Binghamton, see Binghamton (town), New York.
Binghamton is a city located in the Southern Tier of New York in the United States. It is the county seat of Broome County.
 and the other in Toronto, Canada. Visit http://www.lander-hba.com for additional information.

Visit http://www.cenuco.com for additional information.

Certain statements contained herein may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, 21E of the Exchange Act of 1934 and/or the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Such statements include, without limitation, statements regarding business plans, future regulatory environment and approval and, the Company's ability to comply with the rules and policies of independent regulatory agencies. Although the Company believes the statements contained herein to be accurate as of the date they were made, it can give no assurance that such expectations will prove to be correct. The Company undertakes no obligation to update these forward-looking statements.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 16, 2005
Words:496
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