Content about Spectrum Brands

June 23, 2014

Harbinger Group, the privately held holding company for Spectrum Brands’ wide assortment of home-related brands, is courting shareholders of Central Garden & Pet Co. to buy the company.

According to a letter from Harbinger to CGP shareholders, the offer is a $10 per share bid for the company or a $750 million acquisition of the pet segment.

Central Garden & Pet is a Walnut Creek, California-based pet and lawn supply company.  

June 13, 2014

Spectrum Brands' Kwikset is updating its SmartKey Padlock line with the addition of SmartKey re-key technology.

Now, customers will be able to use the same key to unlock their home and their SmartKey padlocks. In just three steps, homeowners can re-key their padlocks to work with any Kwikset Smartkey lock.

November 11, 2013

There’s news in the battery aisle with the introduction of Rayovac’s portable mobile charging devices.

The division of Spectrum Brands will unveil its lineup of charging devices at CES Unveiled New York.

Rayovac’s new offerings include the 7 Hour Power Recharge mobile device charger, the Phone Boost 800 mobile device charger, Power Packs and Car and Wall USB Power Chargers, each providing users with improved power and performance.

September 23, 2013

Spectrum Brands‘ Hardware and Home Improvement division relaunched websites for its Stanley Hardware and National Hardware brands.

According to Madison, Wis.-based Spectrum, the new sites offer a more comprehensive and robust search functionality. They also organize information more efficiently.

A dedicated merchandising and planogram section has been added to both sites, along with company and product news. 

May 1, 2013

Despite sales gains, the consumer products company based in Madison, Wis., posted a net loss of $41.2 million.

Spectrum Brands reported a second quarter net loss of $41.2 million. This compared with a net loss of $28.7 million in the year-ago quarter.

The Madison, Wis.-based consumer products company -- including such brands as Rayovac and George Foreman Grills -- purchased Stanley’s hardware and home improvement (HHI) segment last year. Sales were $987.8 million for the three months ended March 31, up from $746.3 million.

May 1, 2013

During the Spectrum Brands second-quarter earnings call, the Madison, Wis.-based company showed interest in bringing back some offshore production.

During the Spectrum Brands second-quarter earnings call, the Madison, Wis.-based company showed interest in bringing back some offshore production. 

Responding to a question about the rising costs of wages and freight for overseas small appliance manufacturing, Spectrum Brands CEO David Lumley said: “We are looking at that.”

April 9, 2013

Spectrum Brands completes the acquisition of the residential lockset business of Tong Lung Metal Industry.

Madison, Wis.-based Spectrum Brands Holdings says it completed the acquisition of the residential lockset business of Tong Lung Metal Industry Co. (Tong Lung), a Taiwanese manufacturer of residential and commercial locksets and related hardware,

The deal was linked to Spectrum’s cash purchase of the Hardware & Home Improvement Group of Stanley Black & Decker on Dec. 17.

The commercial lockset business of Tong Lung will remain with Stanley Black & Decker.

February 7, 2013

With the acquisition of a few Stanley divisions in December, Spectrum Brands points to "record results."

The acquisition of Stanley's Hardware and Home Improvement (HHI) division loomed large over Spectrum Brand's first-quarter report, boosting sales to new heights while generating a net-loss on one-time costs. 

Spectrum reported record net sales of $870.3 million, including the HHI and FURminator acquisitions, up 2.5% in the first quarter of fiscal 2013, which consisted of two fewer shopping days, versus $848.8 million a year ago. Excluding negative foreign exchange impact, net sales grew 3.2%.

December 28, 2008

Few lawn-and-garden consumers will realize what went on behind the scenes at Home Depot, Lowe’s...

December 28, 2008

Few lawn-and-garden consumers will realize what went on behind the scenes at Home Depot, Lowe’s...

December 14, 2008

A recent announcement by a major lawn and garden manufacturer has created a void in...

December 14, 2008

A recent announcement by a major lawn and garden manufacturer has created a void in...

November 13, 2008

The Atlanta company, which has diversified into personal grooming, batteries and pet food, has announced...

November 13, 2008

The Atlanta company, which has diversified into personal grooming, batteries and pet food, has announced...