Spectrum Brands (SPB) to Acquire Tristar Products’ Appliance and Cookware Business for $325M Cash with $100M in Milestone Payments

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Go back to Spectrum Brands (SPB) to Acquire Tristar Products’ Appliance and Cookware Business for $325M Cash with $100M in Milestone Payments

Spectrum Brands to Acquire Tristar Products’ Appliance and Cookware Business and Combine It With Its Home and Personal Care Segment

February 4, 2022 6:30 AM EST

This New Combined Business Is Intended to Be Separated From Spectrum Brands, Creating a New Standalone Global Company and a New Spectrum Brands Consisting of Its Global Pet Care and Home & Garden Businesses

Acquisition adds PowerXL, Emeril Lagasse and Copper Chef, well-established brands in the fast-growing cooking appliances category, with net sales totaling $546 million in last twelve months ending December 31, 2021, growing sales over 85% in the last three years Adds highly complementary and synergistic leading market share positions in the fastest growing cooking categories including air fryers, indoor grills, and... More