Spectrum Brands - M&A Summary and Business Overview

Consumer ProductsCompany

Spectrum Brands M&A Summary

Spectrum Brands has acquired 25 companies, including 4 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 4 assets.

Spectrum Brands’ largest acquisition to date was in 2015, when it acquired Armored AutoGroup for $1.4B. It’s largest disclosed sale occurred in 2021, when it sold Spectrum Brands Holdings - Hardware and Home Improvement to ASSA ABLOY AB for $4.3B. Spectrum Brands has acquired in 11 different US states, and 6 countries. The Company’s most targeted sectors include consumer products (53%) and building materials (10%).

Spectrum Brands Business Overview

Where is Spectrum Brands headquartered?

Spectrum Brands is headquartered in Middleton, Wisconsin.

What is Spectrum Brands’ revenue?

Spectrum Brands disclosed revenue of 2,919M USD for 2023 and 3,133M USD for 2022.

How many employees does Spectrum Brands have?

Spectrum Brands has 12,100 employees.

What sector is Spectrum Brands in?

Spectrum Brands is a consumer products company.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity21
    • M&A Sell Activity4
  • Total Sectors Invested 9
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 18
  • M&A Advisors 12

Spectrum Brands

Spectrum Brands Holdings, Inc.

3001 Deming Way,
Middleton, Wisconsin 53562
United States,
(608) 275-3340
www.spectrumbrands.com

Spectrum Brands is a diversified consumer products company and a supplier of consumer batteries, residential locksets, residential builders’ hardware and 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. Spectrum Brands is based in Middleton, Wisconsin.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 17 2 1 1 - - 21
vol $4.2B $180M $300M $325M $5.0B
Sell (0.2/yr) # 3 - 1 - - - 4
vol $3.3B $4.3B $7.6B
  25

Most Recent M&A

Company Date Value Type
Tristar Products - Appliance and Cookware Business 2022-02-04 325M USD Divestiture
Santa Rosa Beach, Florida
Spectrum Brands Holdings - Hardware and Home Improvement 2021-09-08 4.3B USD Divestiture
Lake Forest, California
For Life Products LLC 2021-04-21 300M USD Add-on Acquisition
Miramar, Florida · www.rejuvenateproducts.com
Armitage Pet Care Ltd. 2020-10-26 180M USD Add-on Acquisition
Nottinghamshire, United Kingdom · www.armitages.co.uk
OmegaSea LLC 2020-03-12 - Add-on Acquisition
Painesville, Ohio · www.omegasea.net
Foundation Wellness Corp. 2019-04-22 - Divestiture
Wadsworth, Ohio · www.foundationwellness.com
Spectrum Brands Holdings, Inc. - Global Auto Care Business 2018-11-15 1.3B USD Divestiture
Vandalia, Ohio
HRG Group, Inc. 2018-07-13 - Merger
New York, New York · www.hrggroup.com
Spectrum Brands Holdings, Inc. - Global Battery & Portable Lighting Business 2018-01-16 2.0B USD Divestiture
Middleton, Wisconsin
PetMatrix LLC 2017-05-15 - Add-on Acquisition
Saddle Book, New Jersey · www.petmatrix.net
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
United Pet Group, Inc. 2004-08-02 FURminator, Inc. 2011-12-22 2
Cincinnati, Ohio · www.unitedpetgroup.com Fenton, Missouri · www.furminator.com

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 11 (52%) 3.3B (65%) 2 (50%) 2.0B (26%)
Building Materials 2 (10%) - 1 (25%) 4.3B (57%)
Electrical Equipment 2 (10%) 28M (1%) - -
Automotive 1 (5%) 1.4B (28%) 1 (25%) 1.3B (17%)
Chemicals 1 (5%) - - -
Distribution 1 (5%) 325M (6%) - -
Diversified 1 (5%) - - -
Food 1 (5%) - - -
Medical Products 1 (5%) - - -
Total 21 $5.0B 4 $7.6B

By Geo

State/Country Buy Value Sell Value
United States 16 4.3B 4 7.6B
  Ohio 3 322M 2 1.3B
  Pennsylvania 2 - - -
  Florida 2 625M - -
  Washington 1 - - -
  Texas 1 29M - -
  New York 1 - - -
  New Jersey 1 - - -
  Missouri 1 476M - -
  Massachusetts 1 - - -
  Connecticut 1 1.4B - -
  Wisconsin - - 1 2.0B
  California - - 1 4.3B
Brazil 1 28M - -
China 1 - - -
Germany 1 551M - -
Taiwan 1 - - -
United Kingdom 1 180M - -
Domestic 16 (76%) 4.3B (85%) 4 (100%) 7.6B (100%)
Cross-border 5 (24%) 759M (15%) - -
Total 21 $5.0B 4 $7.6B

Top M&A Advisors

Financial Deals
RBC Capital Markets
3
Genesis Capital LLC
2
Credit Suisse Investment Banking
2
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
3
Barnes & Thornburg
2
Davis Polk & Wardwell
1

Deal Values

buy # Total
> $1B 2 $2.8B
$100M to $1B 6 $2.2B
< $100M 2 $57M
TOTAL $5.0B
Largest Armored AutoGroup, Inc.
$1.4B (2015-05-22)
sell # Total
> $1B 3 $7.6B
TOTAL $7.6B
Largest Spectrum Brands Holdings - Hardware and Home Improvement
$4.3B (2021-09-08)

M&A Connections

Deals
Acquired from
Investor(s)
38%
8 (38%)
Strategic(s)
24%
5 (24%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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