Spectrum Brands

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Spectrum Brands (NYSE: SPC) is a diversified company established in 2005 as the successor company to Rayovac. The company manufactures and markets batteries under the Rayovac and Varta brand names, electric personal care appliances under the Remington brand name, lawn and garden care products under the Spectracide, Schultz and Garden Safe brand names, insect repellants under the Cutter, Repel and Hot Shot brand names.

Heavily leveraged in debt, Spectrum has sold its Pet Division (United Pet Group) containing aquarium products and supplies under the Tetra, Marineland, Instant Ocean and Jungle brand names, and pet care products under the Dingo, Firstrax, 8 in 1 and Nature's Miracles brand names. The sale of the division raised just under one billion dollars in combined cash and debt relief. The sale to Salton will close sometime in the summer of 2008.