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". Through a diverse and growing portfolio of world-class brands -- including Rayovac, Varta and Remington -- Rayovac holds leading market positions in a number of major product categories. Rayovac plans to enter into a new senior secured credit facility and issue senior subordinated notes in connection with the acquisition. [15], Rayovac formerly manufactured alkaline batteries ranging in size from AAA to 9V, rechargeable nickel–metal hydride batteries, hearing aid batteries, lithium photo batteries, specialty batteries and portable power chargers. In 2003, Rayovac decided to diversify,[3] and acquired non-battery related businesses including Remington Products and United Pet Group. The company manufactures and markets home appliances under the Remington, Black & Decker, George Foreman, and Russell Hobbs brand names, lawn and garden care products under the Spectracide and Garden Safe brand names, and insect repellents under the Cutter and Repel brand names. ATLANTA, Jun 09, 2005 (BUSINESS WIRE) -- Spectrum Brands, Inc. (NYSE: SPC) (formerly Rayovac Corporation), a global consumer products company with a diverse portfolio of world-class brands, announced today that it has completed the first stage of its integration initiatives related to the February 2005 acquisition of United Industries. Existing United Industries debt of approximately $880 million will be redeemed or replaced by the new credit facility. Spectrum management was expected to run the merged entity. Rayovac also bought other battery companies including VARTA, Ningbo Baowang and Microlite S.A. Bob Caulk, President and Chief Executive Officer, North America, said, "Steve's leadership and extensive knowledge in the consumer products industry has been an invaluable asset to the U.S. Home & Garden Team during his tenure with United Industries and most recently with Spectrum Brands. Certain matters discussed herein, with the exception of historical matters, are forward-looking statements which involve risks and uncertainties. THL maintained a significant interest in Rayovac until August 2002. Rayovac is a well recognized brand in this region. On February 3, 2009, Spectrum filed for Chapter 11 bankruptcy protection. In addition, two new Class II seats will be added to Rayovac's current eight-person board of directors, to be filled by candidates selected by the THL shareholders. In addition, a variety of portable LED flashlights and lanterns are produced under the Rayovac brand [16], prior to its sale to Energizer Holdings, earnings before interest, taxes, depreciation, and amortization, "Spectrum CEO: Company could sell Rayovac", "Spectrum Brands to merge with top shareholder HRG in $10 billion deal", "Energizer adds Rayovac batteries to lineup with $2 billion deal", "Rayovac Buys United Industries in $476M Deal", "UPDATE 1-Spectrum Brands exits bankruptcy", "HRG Group, Inc. 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. The Microlite acquisition included the rights to the Rayovac name in Brazil, giving the company worldwide rights to the Rayovac name. The company's stock trades on the New York Stock Exchange under the symbol SPC. United Industries Corporation, a subsidiary of Spectrum Brands Holdings,Inc.,is a leading supplier of some of the top home pest control products in the United States home,lawn and garden markets. [11] The company later emerged from bankruptcy on August 28, 2009. On April 15, 2010, Spectrum Brands announced that it would be moving its corporate headquarters back to Madison. Spectrum manufactured and sold batteries under the Rayovac and Varta brand names, until it sold its battery division to long-time Rayovac competitor Energizer in January 2018. In 2004, Rayovac successfully underbid Energizer (Eveready) as RadioShack's battery supplier and produced the "Enercell" brand of battery sold exclusively at RadioShack. 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. Nu-Gro also produces and distributes controlled release nitrogen and other fertilizer technologies to the consumer, professional and golf industries worldwide under the names IB Nitrogen(R), Nitroform(R), Nutralene(R), Organiform(R) and S.C.U.(R). "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. Both aquarium lines and companion lines are concentrated into Spectrum's United Pet Group based in Cincinnati, Ohio. The transaction is subject to approval under the Hart-Scott-Rodino Anti-trust Improvements Act and other customary closing conditions. According to Forbes and The Wall Street Journal, the sale was rejected by Spectrum's own key lenders, most likely because the deal valued the brands for less than what the bankers considered them to be worth. UPG's pet supply brands include Eight in One(R), Nature's Miracle(R), Dingo(R), Lazy Pet(R), St. Aubrey(R), Wild Harvest(R) and One Earth(TM). 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 markets the broadest line in the industry, including integrated aquarium kits, stand-alone tanks, filters and filter media, sea salt, and other aquarium supplies and accessories, as well as a variety of pet treats and supplies. It is anticipated that following the transaction THL will hold an ownership position in Rayovac of approximately 25 percent. Spectrum Brands (formerly Rayovac Corporation) is a global consumer products company and a leading supplier of batteries, lawn and garden care products, specialty pet supplies, shaving and grooming products, household insecticides, personal care products and portable lighting. Its first president was German-born chemist, Alfred Landau. Appliance maker Salton, owned by hedge fund Harbinger Capital, agreed to pay approximately $692 million cash to purchase the pet care division, but the deal collapsed on July 14, 2008. [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. "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.". We're dedicated to delivering efficient, high-quality pest solutions that take the guesswork out of managing hug and weed problems. In the aquarium business, Spectrum owns Tetra, Whisper, Marineland, Perfecto, Jungle, Instant Ocean, Visi-Therm, and other product lines. Black & Decker appliances, George Foreman grills, Remington products, Marineland aquariums, Tetra fish care, Dingo dog treats, Spectracide lawn care, Hot Shot home insecticides, Cutter & Repel insect repellents, Schultz plant care, Kwikset locks, etc. Headquartered in Atlanta, Georgia, Spectrum Brands generates approximately $2.8 billion in annualized revenues and has approximately 10,000 employees worldwide. In 1930, the company name was changed to Ray-O-Vac, an allusion to the then-new technology of vacuum tubes and electron rays. 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.