Church & Dwight Co. Inc. (NYSE: CHD) has acquired Matrixx Initiatives Inc., the owner of the Zicam brand, from Gryphon Investors for $530 million. 

“The acquisition of Zicam represents a superb addition to our existing portfolio and brings to our company the leading brand within zinc supplements, one of the fastest-growing sub-segments of the VMS category,” says Church & Dwight CEO Matthew Farrell.

Sawaya Partners LLC and Kirkland & Ellis LLP advised Gryphon.