Spectrum Brands is a diversified company established in 2005 as the successor company to Rayovac Corporation. Rayovac had been located in Wisconsin since its conception as The French Battery Company in 1906, but then in 2004, as Spectrum Brands, located its Corporate headquarters just north of Atlanta. Rayovac, as a division of Spectrum Brands, remained headquartered in Madison, WI, along with Remington even while the parent company, Spectrum Brands, was headquartered in Georgia. On April 15, 2010 Spectrum Brands announced that it would be moving Corporate Headquarters back to Madison, WI.
The company manufactures and markets batteries under the Rayovac and Varta brand names, electric personal care appliances under the Remington brand name, lawn and garden care products under the Spectracide and Garden Safe brand names, insect repellents under the Cutter and Repel brand names.[2] Spectrum owns several pet care companies both in the aquarium supply and companion animal trades. In the aquarium business, Spectrum owns Tetra, Whisper, Marineland, Perfecto, Jungle, Instant Ocean, Visi-Therm, and other product lines. Companion animal lines consist of Dingo, Lazy Pet, Wonderbox, and others. Both aquarium lines and companion lines are concentrated into Spectrum's United Pet Group based in Cincinnati, Ohio. On February 9, 2010, Spectrum Brands announced its intention to acquire Russell Hobbs', which manufacturers small household appliances, into Spectrum's operating structure to form a new $3 billion consumer products company. Russell Hobbs' brands include George Foreman Grill, Toastmaster, Black & Decker Home appliances, and others.
Spectrum Brands Holdings, Inc. (SB Holdings), formerly Spectrum Brands, Inc., is a global branded consumer products company. Its product categories include consumer batteries; small appliances; pet supplies; electric shaving and grooming; electric personal care; portable lighting; and home and garden control products. The Company has four segments: Global Batteries & Personal Care, which consists of its worldwide battery, shaving and grooming, personal care and portable lighting business; Global Pet Supplies, which consists of its worldwide pet supplies business; the Home and Garden Business, which consists of its home and garden control product offerings, including household insecticides, repellants and herbicides, and Small Appliances, which consists of small electrical appliances primarily in the kitchen and home product categories. It manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies. It designs, markets and distributes rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products, hair care appliances, small household appliances and personal care products. On June 16, 2010, the Company completed the combination of Spectrum Brands, Inc. with Russell Hobbs Inc.
SB Holdings sell its products in approximately 120 countries through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers (OEMs) under the Rayovac, VARTA and Remington brands and under the Tetra, 8-in-1, Spectracide, Cutter, Black & Decker, George Foreman, Russell Hobbs and Farberware brands. Its manufacturing and product development facilities are located in the United States, Europe, Latin America and Asia. Substantially all of its rechargeable batteries and chargers, shaving and grooming products, small household appliances, personal care products and portable lighting products are manufactured by third-party suppliers, primarily located in Asia.
Consumer Batteries
SB Holdings market and sell a range of alkaline batteries (AA, AAA, C, D and 9-volt sizes) to both retail and industrial customers. Its alkaline batteries are marketed and sold primarily under the Rayovac and VARTA brands. It also manufactures alkaline batteries for third parties who sell the batteries under their own private labels. Its zinc carbon batteries are also marketed and sold primarily under the Rayovac and VARTA brands and are designed for low- and medium-drain battery-powered devices. It sells its hearing aid batteries through retail trade channels and directly to professional audiologists under several brand names and private labels, including Beltone, Miracle Ear and Starkey. It also sells Nickel Metal Hydride (NiMH) rechargeable batteries and a variety of battery chargers under the Rayovac and VARTA brands. Its other specialty battery products include camera batteries, lithium batteries, silver oxide batteries, keyless entry batteries and coin cells for use in watches, cameras, calculators, communications equipment and medical instruments.
Pet Supplies
In the pet supplies product category the Company markets and sells a variety of branded pet supplies for fish, dogs, cats, birds and other small domestic animals. It has a range of consumer and commercial aquatics products, including integrated aquarium kits, standalone tanks and stands, filtration systems, heaters, pumps, and other equipment, fish food and water treatment products. Its aquatics brands are Tetra, Marineland, Whisper, Jungle and Instant Ocean. It also sells a variety of specialty pet products, including dog and cat treats, small animal food and treats, clean up and training aid products, health and grooming aids, and bedding products. Its specialty pet brands include 8-in-1, Dingo, Firstrax, Nature’s Miracle and Wild Harvest.
Home and Garden Control Products
In the home and garden control products category the Company sells and markets several home and garden care products, including household insecticides, insect repellent, herbicides, garden and indoor plant foods and plant care treatments. It offers a range of household insecticides, such as spider, roach and ant killer, flying insect killer, insect foggers, wasp and hornet killer, flea and tick control products and roach and ant baits. It also manufactures and markets a range of insect repellent products that provide protection from insects, especially mosquitoes. These products include both personal repellents, such as aerosols, pump sprays and wipes, as well as area repellents, such as yard sprays, citronella candles and torches. Its brands in the insect control category include Hot Shot, Cutter and Repel. Its herbicides, garden and indoor plant foods and plant care treatment brands include Spectracide, Real-Kill and Garden Safe.
Electric Shaving and Grooming
SB Holdings markets and sells a range of electric shaving and grooming products under the Remington brand name. Its products include men’s rotary and foil shavers, beard and mustache trimmers, body trimmers and nose and ear trimmers, women’s shavers and haircut kits.
Small Appliances
In the small appliances category, it markets and sells a range of products in three major product categories: branded small household appliances, pet and pest products, and personal care products. It markets a range of small kitchen appliances under the George Foreman, Black &Decker, Russell Hobbs, Farberware, Juiceman, Breadman and Toastmaster brands, including grills, bread makers, sandwich makers, kettles, toaster ovens, toasters, blenders, juicers, can openers, coffee grinders, coffeemakers, electric knives, deep fryers, food choppers, food processors, hand mixers, rice cookers and steamers. It also markets small home product appliances, including hand-held irons, vacuum cleaners, air purifiers, clothes shavers and heaters, primarily under the Black & Decker and Russell Hobbs brands. Pet products include cat litter boxes sold under the LitterMaid brand. The consumable accessories, including privacy tents, litter carpets, crystal litter cartridges, charcoal filters, corn-based litter and replaceable waste receptacles. The pest control products include pest control and repelling devices that use ultra-sonic sound waves to control insects and rodents, primarily in homes. Russell Hobbs’ personal care products in the small appliances category include hand-held dryers, curling irons, straightening irons, brush irons, air brushes, hair setters, facial brushes, skin appliances and electric toothbrushes, which are primarily marketed under the Russell Hobbs, Carmen and Andrew Collinge brands.
Electric Personal Care Products and Portable Lighting
SB Holdings electric personal care products, marketed and sold under the Remington brand name, include hair dryers, straightening irons, styling irons and hair setters. It offers a range of battery-powered, portable lighting products, including flashlights and lanterns for both retail and industrial markets. It sells its portable lighting products under the Rayovac and VARTA brand names, under other brand names and pursuant to licensing arrangements with third parties.
The Company competes with Energizer Holdings, Inc., The Procter & Gamble Company, Matsushita, Mars Corporation, The Hartz Mountain Corporation, Central Garden & Pet Company, The Scotts Miracle-Gro Company, Bayer A.G., S.C. Johnson & Son, Inc., Scotts Company, Henkel KGaA., Koninklijke Philips Electronics NV, Jarden Corporation, DeLonghi America, Euro-Pro Operating LLC, Metro Thebe, Inc., d/b/a HWI Breville, NACCO Industries, Inc., SEB S.A., Conair Corporation, Wahl Clipper Corporation, Helen of Troy Limited, Energizer and Mag Instrument, Inc.
Originally, Rayovac Corporation primarily manufactured Rayovac batteries. In 2003, Rayovac decided to diversify. In January 2005, Rayovac purchased United Industries Corporation for about $476 million in cash and stock. Brands included in United Industries were Vigoro, Spectracide and Sta-Green lawn products, Cutters, Hot Shot and Repel insect control products and pet supply products with the Marineland, Perfecto and Eight in One brands. In 2005, Tetra, a major provider of pet-fish products, was acquired. This led to a name change to Spectrum Brands.
Heavily leveraged in debt, Spectrum attempted to sell its pet division (United Pet Group) containing aquarium products and supplies under the Tetra, Marineland, Instant Ocean and Jungle brand names, and pet care products under the Dingo, Firstrax, 8 in 1 and Nature's Miracles brand names. 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. 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.
On February 3, 2009, Spectrum filed for Chapter 11 bankruptcy protection. The company later emerged from bankruptcy on August 28, 2009.Since emerging from Chapter 11, Spectrum has announced year-over-year increases in sales and adjusted EBITDA for the second quarter of their fiscal 2010. Spectrum Brands finalized a merger with Russell Hobbs (formerly known as Salton, Inc) on June 16, 2010.
OVERALL
Beta: 0.57
Market Cap (Mil.): $1,759.97
Shares Outstanding (Mil.): 50.94
Annual Dividend: --
Yield (%): --
FINANCIALS
SPB Industry Sector
P/E (TTM): -- 15.08 18.80
EPS (TTM): -113.30 -- --
ROI: -- 8.18 4.19
ROE: -- 10.81 7.33
Name Age Since Current Position
David Maura 38 2010 Interim Chairman of the Board
David Lumley 56 2010 CEO, President - Global Batteries & Appliances & Personal Care & Home & Garden, Director
Anthony Genito 54 2010 Chief Financial Officer, Executive Vice President, Chief Accounting Officer
Terry Polistina 47 2010 President - Small Appliances, Director
John Heil 58 2010 President - Global Pet Supplies
Nathan Fagre 54 2011 General Counsel, Secretary
Kenneth Ambrecht 65 2010 Director
Robin Roger 53 2010 Director
Virginia Kamsky 57 2010 Director
Eugene Davis 56 2010 Independent Director
Marc Kirschner 68 2010 Independent Director
Norman Matthews 78 2010 Independent Director
Hugh Rovit 50 2010 Independent Director
COMPANY ADDRESS
Spectrum Brands Holdings Inc
601 Rayovac Drive
Madison WI 53711
The company manufactures and markets batteries under the Rayovac and Varta brand names, electric personal care appliances under the Remington brand name, lawn and garden care products under the Spectracide and Garden Safe brand names, insect repellents under the Cutter and Repel brand names.[2] Spectrum owns several pet care companies both in the aquarium supply and companion animal trades. In the aquarium business, Spectrum owns Tetra, Whisper, Marineland, Perfecto, Jungle, Instant Ocean, Visi-Therm, and other product lines. Companion animal lines consist of Dingo, Lazy Pet, Wonderbox, and others. Both aquarium lines and companion lines are concentrated into Spectrum's United Pet Group based in Cincinnati, Ohio. On February 9, 2010, Spectrum Brands announced its intention to acquire Russell Hobbs', which manufacturers small household appliances, into Spectrum's operating structure to form a new $3 billion consumer products company. Russell Hobbs' brands include George Foreman Grill, Toastmaster, Black & Decker Home appliances, and others.
Spectrum Brands Holdings, Inc. (SB Holdings), formerly Spectrum Brands, Inc., is a global branded consumer products company. Its product categories include consumer batteries; small appliances; pet supplies; electric shaving and grooming; electric personal care; portable lighting; and home and garden control products. The Company has four segments: Global Batteries & Personal Care, which consists of its worldwide battery, shaving and grooming, personal care and portable lighting business; Global Pet Supplies, which consists of its worldwide pet supplies business; the Home and Garden Business, which consists of its home and garden control product offerings, including household insecticides, repellants and herbicides, and Small Appliances, which consists of small electrical appliances primarily in the kitchen and home product categories. It manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies. It designs, markets and distributes rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products, hair care appliances, small household appliances and personal care products. On June 16, 2010, the Company completed the combination of Spectrum Brands, Inc. with Russell Hobbs Inc.
SB Holdings sell its products in approximately 120 countries through a variety of trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers (OEMs) under the Rayovac, VARTA and Remington brands and under the Tetra, 8-in-1, Spectracide, Cutter, Black & Decker, George Foreman, Russell Hobbs and Farberware brands. Its manufacturing and product development facilities are located in the United States, Europe, Latin America and Asia. Substantially all of its rechargeable batteries and chargers, shaving and grooming products, small household appliances, personal care products and portable lighting products are manufactured by third-party suppliers, primarily located in Asia.
Consumer Batteries
SB Holdings market and sell a range of alkaline batteries (AA, AAA, C, D and 9-volt sizes) to both retail and industrial customers. Its alkaline batteries are marketed and sold primarily under the Rayovac and VARTA brands. It also manufactures alkaline batteries for third parties who sell the batteries under their own private labels. Its zinc carbon batteries are also marketed and sold primarily under the Rayovac and VARTA brands and are designed for low- and medium-drain battery-powered devices. It sells its hearing aid batteries through retail trade channels and directly to professional audiologists under several brand names and private labels, including Beltone, Miracle Ear and Starkey. It also sells Nickel Metal Hydride (NiMH) rechargeable batteries and a variety of battery chargers under the Rayovac and VARTA brands. Its other specialty battery products include camera batteries, lithium batteries, silver oxide batteries, keyless entry batteries and coin cells for use in watches, cameras, calculators, communications equipment and medical instruments.
Pet Supplies
In the pet supplies product category the Company markets and sells a variety of branded pet supplies for fish, dogs, cats, birds and other small domestic animals. It has a range of consumer and commercial aquatics products, including integrated aquarium kits, standalone tanks and stands, filtration systems, heaters, pumps, and other equipment, fish food and water treatment products. Its aquatics brands are Tetra, Marineland, Whisper, Jungle and Instant Ocean. It also sells a variety of specialty pet products, including dog and cat treats, small animal food and treats, clean up and training aid products, health and grooming aids, and bedding products. Its specialty pet brands include 8-in-1, Dingo, Firstrax, Nature’s Miracle and Wild Harvest.
Home and Garden Control Products
In the home and garden control products category the Company sells and markets several home and garden care products, including household insecticides, insect repellent, herbicides, garden and indoor plant foods and plant care treatments. It offers a range of household insecticides, such as spider, roach and ant killer, flying insect killer, insect foggers, wasp and hornet killer, flea and tick control products and roach and ant baits. It also manufactures and markets a range of insect repellent products that provide protection from insects, especially mosquitoes. These products include both personal repellents, such as aerosols, pump sprays and wipes, as well as area repellents, such as yard sprays, citronella candles and torches. Its brands in the insect control category include Hot Shot, Cutter and Repel. Its herbicides, garden and indoor plant foods and plant care treatment brands include Spectracide, Real-Kill and Garden Safe.
Electric Shaving and Grooming
SB Holdings markets and sells a range of electric shaving and grooming products under the Remington brand name. Its products include men’s rotary and foil shavers, beard and mustache trimmers, body trimmers and nose and ear trimmers, women’s shavers and haircut kits.
Small Appliances
In the small appliances category, it markets and sells a range of products in three major product categories: branded small household appliances, pet and pest products, and personal care products. It markets a range of small kitchen appliances under the George Foreman, Black &Decker, Russell Hobbs, Farberware, Juiceman, Breadman and Toastmaster brands, including grills, bread makers, sandwich makers, kettles, toaster ovens, toasters, blenders, juicers, can openers, coffee grinders, coffeemakers, electric knives, deep fryers, food choppers, food processors, hand mixers, rice cookers and steamers. It also markets small home product appliances, including hand-held irons, vacuum cleaners, air purifiers, clothes shavers and heaters, primarily under the Black & Decker and Russell Hobbs brands. Pet products include cat litter boxes sold under the LitterMaid brand. The consumable accessories, including privacy tents, litter carpets, crystal litter cartridges, charcoal filters, corn-based litter and replaceable waste receptacles. The pest control products include pest control and repelling devices that use ultra-sonic sound waves to control insects and rodents, primarily in homes. Russell Hobbs’ personal care products in the small appliances category include hand-held dryers, curling irons, straightening irons, brush irons, air brushes, hair setters, facial brushes, skin appliances and electric toothbrushes, which are primarily marketed under the Russell Hobbs, Carmen and Andrew Collinge brands.
Electric Personal Care Products and Portable Lighting
SB Holdings electric personal care products, marketed and sold under the Remington brand name, include hair dryers, straightening irons, styling irons and hair setters. It offers a range of battery-powered, portable lighting products, including flashlights and lanterns for both retail and industrial markets. It sells its portable lighting products under the Rayovac and VARTA brand names, under other brand names and pursuant to licensing arrangements with third parties.
The Company competes with Energizer Holdings, Inc., The Procter & Gamble Company, Matsushita, Mars Corporation, The Hartz Mountain Corporation, Central Garden & Pet Company, The Scotts Miracle-Gro Company, Bayer A.G., S.C. Johnson & Son, Inc., Scotts Company, Henkel KGaA., Koninklijke Philips Electronics NV, Jarden Corporation, DeLonghi America, Euro-Pro Operating LLC, Metro Thebe, Inc., d/b/a HWI Breville, NACCO Industries, Inc., SEB S.A., Conair Corporation, Wahl Clipper Corporation, Helen of Troy Limited, Energizer and Mag Instrument, Inc.
Originally, Rayovac Corporation primarily manufactured Rayovac batteries. In 2003, Rayovac decided to diversify. In January 2005, Rayovac purchased United Industries Corporation for about $476 million in cash and stock. Brands included in United Industries were Vigoro, Spectracide and Sta-Green lawn products, Cutters, Hot Shot and Repel insect control products and pet supply products with the Marineland, Perfecto and Eight in One brands. In 2005, Tetra, a major provider of pet-fish products, was acquired. This led to a name change to Spectrum Brands.
Heavily leveraged in debt, Spectrum attempted to sell its pet division (United Pet Group) containing aquarium products and supplies under the Tetra, Marineland, Instant Ocean and Jungle brand names, and pet care products under the Dingo, Firstrax, 8 in 1 and Nature's Miracles brand names. 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. 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.
On February 3, 2009, Spectrum filed for Chapter 11 bankruptcy protection. The company later emerged from bankruptcy on August 28, 2009.Since emerging from Chapter 11, Spectrum has announced year-over-year increases in sales and adjusted EBITDA for the second quarter of their fiscal 2010. Spectrum Brands finalized a merger with Russell Hobbs (formerly known as Salton, Inc) on June 16, 2010.
OVERALL
Beta: 0.57
Market Cap (Mil.): $1,759.97
Shares Outstanding (Mil.): 50.94
Annual Dividend: --
Yield (%): --
FINANCIALS
SPB Industry Sector
P/E (TTM): -- 15.08 18.80
EPS (TTM): -113.30 -- --
ROI: -- 8.18 4.19
ROE: -- 10.81 7.33
Name Age Since Current Position
David Maura 38 2010 Interim Chairman of the Board
David Lumley 56 2010 CEO, President - Global Batteries & Appliances & Personal Care & Home & Garden, Director
Anthony Genito 54 2010 Chief Financial Officer, Executive Vice President, Chief Accounting Officer
Terry Polistina 47 2010 President - Small Appliances, Director
John Heil 58 2010 President - Global Pet Supplies
Nathan Fagre 54 2011 General Counsel, Secretary
Kenneth Ambrecht 65 2010 Director
Robin Roger 53 2010 Director
Virginia Kamsky 57 2010 Director
Eugene Davis 56 2010 Independent Director
Marc Kirschner 68 2010 Independent Director
Norman Matthews 78 2010 Independent Director
Hugh Rovit 50 2010 Independent Director
COMPANY ADDRESS
Spectrum Brands Holdings Inc
601 Rayovac Drive
Madison WI 53711