Energizer Holdings to Acquire Danbury Global Auto Care Business

DANBURY, CT — Energizer Holdings has announced it has entered into a definitive agreement to acquire Danbury-based Spectrum Brands' Global Auto Care Business ("Spectrum Auto Care") in a cash and stock transaction valued at approximately $1.25 billion. The portfolio includes some of the industry's most globally-recognizable brands, including Armor All, STP, and A/C Pro.

Energizer expects to close on the acquistion of Spectrum's battery and portable lighting businesses at the beginning of calendar year 2019.

"The transaction will enable our retail customers and consumers to benefit from the combined commercial expertise and category insights, and will provide Energizer with the ability to leverage our core marketing and research and development competencies in order to accelerate innovation," said Alan Hoskins, Energizer's Chief Executive Officer. "We look forward to growing these well-established brands as we continue to accelerate our ability to innovate and effectively serve our customers around the world to drive long-term value for shareholders. This is a truly transformative transaction for Energizer."