Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products company with market-leading brands, has acquired the assets of the EnviroHold, Inc. into its United Industries subsidiary. Financial terms of the all-cash transaction were not disclosed.
Genesis Capital advised Spectrum Brands Holdings, Inc.
EnvrioHold is an environmentally safe, non-toxic, water-based adhesive that locks mulch, pine straw, gravel, sand, and other ground cover in place from the effects of wind, rain, erosion, blowers, and mowers. EnviroHold is designed to improve the overall appearance, lower maintenance costs, and extend the life of mulch and other ground cover media.
About United Industries
United Industries Corporation, a subsidiary of Spectrum Brands Holdings, Inc., is the leading manufacturer of value-brand consumer products for the home, lawn and garden, insect and weed control markets in the United States. United Industries provides its customers with innovative products of outstanding quality, so consumers benefit from easier insect and weed control solutions. Its brands — Spectracide®, Garden Safe®, Hot Shot®, Cutter®, Repel® and Schultz®, Black Flag®, and TAT® — are well recognized by consumers for delivering exceptional value and trusted results. United Industries’ passion and longstanding commitment to quality and value has earned the confidence of its retail partners, who count on United Industries to deliver innovative and highly profitable products, customized solutions and merchandising excellence.
About Spectrum Brands Holdings
Spectrum Brands Holdings, a member of the Russell 2000 Index, is a global and diversified consumer products company and a leading supplier of consumer batteries, residential locksets, residential builders’ hardware, faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents. Helping to meet the needs of consumers worldwide, our Company offers a broad portfolio of market-leading, well-known and widely trusted brands including Rayovac®, Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister™, Remington®, VARTA®, George Foreman®, Black & Decker®, Toastmaster®, Farberware®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, FURminator®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot® and Black Flag®. Spectrum Brands’ products are sold by the world’s top 25 retailers and are available in more than one million stores in approximately 140 countries. Spectrum Brands Holdingsgenerated net sales of approximately $3.25 billion in fiscal 2012. On a pro forma basis following the Company’s December 2012 acquisition of the Hardware & Home Improvement Group (HHI) fromStanley Black & Decker, Spectrum Brands had net sales of more than $4 billion for fiscal 2012.