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Church & Dwight Relying on Value Brands as Consumers Switch to Less-Expensive Goods
SUGAR LAND--November 24, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Since 2000, Church & Dwight Company Incorporated (NYSE:CHD) (Princeton, New Jersey) has nearly tripled its business, growing from a small household-goods business with about $750 million in sales through organic growth and good acquisitions. "As of [November 18], we were up over 8% this year -- one of the few stocks in the universe to do that," Chairman and CEO James Craigie said at the recently held Morgan Stanley Global Consumer & Retail Conference in New York. In light of the worldwide economic meltdown, Craigie said that he is worried but that the company is well positioned to endure the crisis. "We feel fortunate that our portfolio is better in tune as people trade down," he said.
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