Spectrum Brands Holdings, a member of the Russell 1000 Index, is a global consumer products company offering a broad portfolio of leading brands focused on driving innovation and providing exceptional customer service. These statements are subject to a number of risks and uncertainties that could cause results to differ materially from those anticipated as of the date of this release. He moved on to Toronto, and set up a factory making X-Cell brand batteries for Canada. [3] Spectrum owns several pet care companies, both in the aquarium supply and companion animal trades. [9] In 2005, Tetra, a major provider of pet-fish products, was acquired. United's finance, information services, customer service and other administrative functions will be combined with existing counterpart organizations in Madison. [8] During World War II, Rayovac supplied the United States military with nearly 500 million batteries. This page was last edited on 15 November 2020, at 06:29. As part of the transaction, the shares issued to United shareholders will be subject to a lockup agreement expiring one year after the closing date relative to 50 percent of the shares and 18 months after the closing date for the remaining 50 percent. The company's products are sold by 19 of the world's top 20 retailers, and are available in over one million stores in 120 countries around the world. Certain matters discussed in this news release, with the exception of historical matters, may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. ", "The combination of Rayovac and United Industries offers a compelling value proposition," said Thomas H. Lee Partners Co-President Scott Schoen. Its first president was German-born chemist, Alfred Landau. CONTACT: Investors, Nancy O'Donnell, VP Investor Relations of Rayovac, +1-770-829-6208, or cell, +1-404-992-9001; or Media, David Doolittle of Ketchum, +1-404-879-9266, or cell, +1-404-840-1321, for Rayovac. Planning for the integration of Spectrum Brands' legacy Rayovac and United Industries supply chain, manufacturing, and distribution operations, and for the integration of United Pet Group and Tetra Holding, is continuing and is expected to be completed this summer. "Upon closing, we will have a significant presence in several new consumer products markets -- large growth categories where we can capitalize on our strengths with major retailers to leverage the full potential of the powerful combined enterprise.". French battery production accelerated through World War I, and by 1920, the French Battery Company had US$2.74 million in sales and 600 employees, and 1000 employees in 1931.[7]. He had been making batteries in Europe. As a result of this, they were awarded eight Army-Navy "E" awards for major contributions to victory. Transaction Diversifies Company into Large High-Growth Markets: Lawn & Garden, Specialty Pet Supplies and Household Insect Control. THL maintained a significant interest in Rayovac until August 2002. "Rayovac's publicly stated goal has been to grow through acquisitions that diversify and increase our revenue base while leveraging our global merchandising and distribution capabilities. "We share Rayovac's belief that our products will flourish as part of a larger company with an integrated global manufacturing, distribution and information services platform and a more significant relationship with our customers. The move would not affect the pending sale of its battery division to Energizer. Founded in 1974, Thomas H. Lee Partners currently manages approximately $12 billion of committed capital, including its most recent fund, the $6.1 billion Thomas H. Lee Equity Fund V. In addition to United Industries, notable transactions sponsored by the firm include: Warner Music Group, Refco Group, Nortek, Simmons Company, Michael Foods, ProSiebenSat.1, American Media, AXIS Capital Holdings Limited, Houghton Mifflin, TransWestern Publishing, National Waterworks, Endurance Specialty Insurance, Eye Care Centers of America, Vertis, Cott Corporation, Rayovac, Fisher Scientific International, Experian, GNC and Snapple Beverage. "The integration expertise we gained through our successful acquisitions of Varta and Remington gives us confidence that these first organizational changes are key to leveraging the potential of our combined companies and achieving the $75 million in synergies we identified as part of our acquisition due diligence efforts.". United also holds a leading position in the fragmented but fast-growing U.S. pet supply market, manufacturing and marketing premium branded specialty pet supplies through its United Pet Group. UPG's aquatics brands, which include Marineland(R), Perfecto(R), and Instant Ocean(R), are leading brands in their market segments. Rayovac and THL were previously partners when THL invested in Rayovac Corporation in 1996. He had been making batteries in Europe. Functional groups continuing to operate in St. Louis, Missouri, include the company's U.S. Home & Garden marketing, research and development, and regulatory compliance, as well as certain manufacturing and distribution functions. Both aquarium lines and companion lines are concentrated into Spectrum's United Pet Group based in Cincinnati, Ohio. United Industries has 2,800 employees throughout North America. Rayovac plans to enter into a new senior secured credit facility and issue senior subordinated notes in connection with the acquisition. United Industries; HOME; OUR BRANDS; SUSTAINABILITY; INGREDIENTS ; ABOUT US; SUSTAINABILITY. [11] The company later emerged from bankruptcy on August 28, 2009. In 2004, Rayovac successfully underbid Energizer (Eveready) as RadioShack's battery supplier and produced the "Enercell" brand of battery sold exclusively at RadioShack. Certain matters discussed in this news release, with the exception of historical matters, may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Headquartered in Atlanta, Georgia, Spectrum Brands generates approximately $2.8 billion in annualized revenues and has approximately 10,000 employees worldwide. The Ramsay collective invested in Landau's functioning low profile Columbia Dry Battery Company which had been halted by copyright issues regarding the adopted name "Columbia". [6] In November 2018, the company sold their global auto care division (brands which included Armor All, STP, and A/C Pro), to Energizer as well. [14], On January 16, 2018, the Rayovac division was bought by Energizer for $2 billion. David Jones, Rayovac chairman and chief executive officer, was a board member of United Industries from 1999 to 2003. The company's stock trades on the New York Stock Exchange under the symbol ROV. United Industries is just such an acquisition," said David A. Jones, Rayovac's chairman and chief executive officer. Our easy-to-use, fast-acting lawn and garden products and repellents give you the power to tame the toughest invading bugs and weeds, while our interior products keep your home bug-free. Spectrum's Hardware & Home Improvement division includes brands such as Kwikset, Baldwin, National Hardware, Pfister, and more. Its first president was German-born chemist, Alfred Landau. Spectrum Brands ist ein börsennotierter US-amerikanischer Mischkonzern mit Sitz in Middleton (Wisconsin). Rayovac is a well recognized brand in this region. Die Produkte des Unternehmens werden unter den folgenden Marken vertrieben: elektrische Rasierapparate und Haarschneider unter der Marke Remington. [citation needed]. On April 15, 2010, Spectrum Brands announced that it would be moving its corporate headquarters back to Madison.