Kelso Fund X Announces Investment in Foundation Brands

Kelso is pleased to announce that on October 1, 2020, we completed an investment in Foundation Consumer Brands. Foundation Consumer Brands, a company under common management with Foundation Consumer Healthcare (“Foundation”), has acquired seven brands from GSK Consumer Healthcare. This diverse portfolio of products includes Breathe Right® Nasal Strips, the world’s #1 nasal strip, and Children’s Dimetapp®, the #1 pharmacist-recommended brand for children's cough and cold products, as well as Anbesol®, Alavert®, Dristan®, Primatene Tablets® and FiberCon®. The addition of these brands will expand Foundation’s marketing presence to an additional 32 markets globally.