Del Laboratories, Inc. Provides Update On Planned Acquisition by DLI Holding Corp.

Del Laboratories, Inc. Provides Update On Planned Acquisition by
DLI Holding Corp. 


UNIONDALE, N.Y., Dec. 7  /PRNewswire-FirstCall/ -- Del Laboratories, Inc.
(AMEX:DLI) confirmed today that it has been notified by Kelso & Company that,
by mutual agreement, Church & Dwight, Co., Inc. (NYSE:CHD) will no longer be an
equity participant with Kelso & Company in the acquisition of Del Laboratories
Inc. and that Church & Dwight has relinquished its option to purchase the
Orajel brand. Del Laboratories, Inc. will retain the marketing, sales, and
product development responsibilities for its Orajel brand.

Kelso & Company has agreed to increase its investment and, together with
certain members of Del's management will be the sole equity participants in DLI
Holding Corp.  The financial terms of Del's merger with DLI Holding Corp.
remain unchanged. It is contemplated that the transaction will be completed in
January, 2005 following the approval by Del Laboratories' shareholders.

Del Laboratories, Inc., markets and manufactures leading cosmetics and over the
counter pharmaceuticals. The Company's two flagship brands, Sally Hansen and
Orajel, are both leaders in their respective categories, and continue to build
revenues and market share.

Certain statements in this press release may constitute "forward-looking
statements" under the federal securities laws.  Forward-looking statements
contain information that is subject to certain risks, uncertainties, trends and
other factors that could cause actual results to be materially different from
any future results implied by such forward-looking statements.  Factors that
might cause such a difference include, but are not limited to: delays in
introducing new products or failure of consumers to accept new products;
actions by competitors which may result in mergers, technology improvement or
new product introductions; the dependence on certain national chain drug
stores, food stores and mass merchandiser relationships due to the
concentration of sales generated by such chains; changes in fashion-oriented
color cosmetic trends; the effect on sales of lower retailer inventory targets;
the effect on sales of political and/or economic conditions; the Company's
estimates of costs and benefits, cash flow from operations and capital
expenditures; interest rate or foreign exchange rate changes affecting the
Company and its market sensitive financial instruments including the Company's
qualitative and quantitative estimates as to market risk sensitive instruments;
changes in product mix to products which are less profitable; shipment delays;
depletion of inventory and increased production costs resulting from
disruptions of operations at any of our manufacturing or distribution
facilities; foreign currency fluctuations affecting our results of operations
and the value of our foreign assets and liabilities; the relative prices at
which we sell our products and our foreign competitors sell their products in
the same market; our operating and manufacturing costs outside of the United
States; changes in the laws, regulations and policies, including changes in
accounting standards, that effect, or will effect, us in the United States
and/or abroad; and trends in the general economy.  Although the Company
believes that the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, it can give no assurance that its
expectations will be achieved.  Without limitation, use of the following words
is intended to identify forward-looking statements: "may," "will," "should,"
"expect," "anticipate," "estimate," "intend," "plan," or "continue" or the
negative thereof or other variations thereon.  For further information on
factors which could impact the Company and the statements contained herein,
please refer to the Company's filings with the Securities and Exchange
Commission, including without limitation the Company's Annual Report on Form
10-K and the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" contained or incorporated by reference therein and
quarterly reports on Form 10-Q.

Filings with the Securities and Exchange Commission are available on the
Company's website at http://www.dellabs.com/.

  CONTACT:  Enzo J. Vialardi
            Executive Vice President and Chief Financial Officer
            Del Laboratories, Inc.
            178 EAB Plaza
            P.O. Box 9357
            Uniondale, New York 11553-9357
            [phone]


DATASOURCE: Del Laboratories, Inc.



CONTACT:  Enzo J. Vialardi, Executive Vice President and Chief Financial

Officer of Del Laboratories, Inc., [phone]



Web site:  http://www.dellabs.com/ 

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