Church & Dwight Ends Role in Acquisition of Del Laboratories.

PRINCETON, N.J. -- Church & Dwight Co., Inc. (NYSE:CHD) today said that it had reached a mutual agreement with Kelso & Company, a private equity group, not to participate in the acquisition of Del Laboratories, Inc., (AMEX:DLI) with Kelso. As a result, Kelso will continue to pursue the acquisition on its own.

In the transaction previously announced in July, 2004, Church and Dwight would have invested $30 million, or approximately 20% of the equity financing, and would have had an option to acquire Del's line of Orajel(R) oral care products after three years.

James R. Craigie, President and CEO of Church & Dwight, said, "We will continue to focus on building Church & Dwight's oral care business, which includes Arm & Hammer(R) toothpaste and gum, internationally; and, in the United States and Canada, Mentadent(R) toothpaste and toothbrushes, Pepsodent(R) and Aim(R) toothpaste, and an exclusive license for Close-Up(R) toothpaste."

Church & Dwight Co., Inc. manufactures and markets a wide range of personal care, household and specialty products, under the ARM & HAMMER brand name and other well-known trademarks.

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements represent the intentions, plans, expectations and beliefs of Church & Dwight, and are subject to risks, uncertainties and other factors, many of which are outside the Company's control and could cause actual results to differ materially from such forward-looking statements. The uncertainties include assumptions as to market growth and consumer demand (including the effect of political and economic events on consumer demand), increases in raw material, packaging and energy prices, the company's ability to raise prices or reduce promotion spending, the company's ability to implement cost reduction programs in response to commodity price increases, the financial condition of major customers, trade, competitive and consumer reactions to the Company's products and other factors described in Church & Dwight's quarterly and annual reports filed with the SEC.