05:25 PM EST, 11/12/2025 (MT Newswires) -- Edgewell Personal Care ( EPC ) said late Wednesday it agreed to sell its feminine care business to Sweden's Essity for $340 million.

The owner of the Stayfree and Carefree brands said it plans to use the proceeds from the sale to strengthen its balance sheet and focus on its core businesses.

Edgewell expects the divestment to impact adjusted earnings by about $0.40 to $0.50 per share on an annualized basis.

The transaction is expected to close in the first quarter of calendar 2026.

Shares of Edgewell Personal Care ( EPC ) were up nearly 6% in after-hours trading.