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  5. Spectrum Brands Invests In Ningbo Baowang Battery

Investment Summary

Spectrum Brands Invests In Ningbo Baowang Battery

On January 19, 2004, Spectrum Brands invested in electrical equipment company Ningbo Baowang Battery

Investment Highlights
  • This is Spectrum Brands’ 1st transaction in the Electrical Equipment sector.
  • This is Spectrum Brands’ 1st transaction in China.

Investment Summary
Date 2004-01-19
Target Ningbo Baowang Battery
Sector Electrical Equipment
Investor(s) Spectrum Brands
Deal Type Stake Purchase

Target

Ningbo Baowang Battery

Ninghai, China
Ningbo Baowang Battery Co. produces alkaline and heavy duty batteries for retail, OEM and private label customers. The company exports its batteries to customers throughout North and South America, Europe and Asia. In addition to export sales, Ningbo Baowang has been building its distribution and market share in China and now has 26 branches and regional sales offices and distribution throughout China.

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Investor(S) 1

Investor

Spectrum Brands

Middleton, Wisconsin, United States
Category Company
Founded 1906
Sector Consumer Products
Employees3,100
Revenue 3.0B USD (2024)
DESCRIPTION

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 was founded in 1906 and is based in Middleton, Wisconsin.

DEAL STATS #
Overall 2 of 21
Sector (Electrical Equipment) 1 of 2
Type (Stake Purchase) 1 of 2
Country (China) 1 of 1
Year (2004) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-01 Foundation Wellness

Wadsworth, Ohio, United States

Foundation Wellness is a specialty designer and manufacturer of branded and private label orthotic solutions, including footbeds/insoles, foot care products, orthopedic braces, sports support, and ergonomic safety products. Foundation Wellness was founded in 1934 and is based in Wadsworth, Ohio.

Buy $322M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-02 United Pet Group

Cincinnati, Ohio, United States

United Pet Group, Inc. is a manufacturer and marketer of pet foods and supplies, as well as the largest manufacturer and marketer of aquatic products in the U.S.

Buy -
Mergr

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