Northern,WI  10/9/2012 (BasicsMedia)  —  Spectrum Brands (NYSE:SPB): +10% Buys Black&Decker Brand and Spectrum Brands is just what they say they are a wide spectrum of brands ranging from George Foreman Grills to (now) Black&Decker door locks and fixtures.  Shares started 2012 in the $23 range and have more than doubled so far in 2012.  Few recall the stock was in bankruptcy as recently as 2009 after the global sell off.

Spectrum Brands Holdings Inc (SPB) will buy Stanley Black & Decker Inc’s (SWK) door lock and bath fixture business for $1.4 billion, adding brands such as Kwikset and Price Pfister to a line-up that includes Rayovac batteries and Remington shavers.  Shares of Spectrum rose as much as 14 percent to their highest since the company emerged from bankruptcy in 2009, as investors welcomed the boost in earnings the deal promises.

The acquisition, Spectrum’s biggest ever, will boost its revenue by a quarter.  “This is a good acquisition for Spectrum Brands that will increase total revenues to over $4 billion,” Spectrum Chief Executive Dave Lumley said in a statement.

Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. It offers consumer batteries, including alkaline and zinc carbon batteries, rechargeable batteries and chargers, and hearing aid batteries and other specialty batteries; pet supplies, such as aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products, and beddings; and home and garden control products comprising household insect controls, insect repellents, and herbicides.

The company also provides electric shaving and grooming devices; small appliances, including small kitchen appliances and home product appliances; electric personal care and styling devices; and portable lighting. Its sells its products through various trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors, and original equipment manufacturers primarily under the Rayovac, Remington, Varta, George Foreman, Black & Decker, Toastmaster, Farberware, Tetra, Marineland, Nature’s Miracle, Dingo, 8-in-1, Littermaid, Spectracide, Cutter, Repel, Hot Shot, Black Flag, and TAT brands. The company was headquartered in Madison, Wisconsin. As of January 7, 2011, Spectrum Brands Holdings, Inc. operates as a subsidiary of Harbinger Group Inc.

 

Disclaimer:  WE have no position in any stock mentioned here, nor are we paid by anyone to write.

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.