Energizer 2010 Annual Report Download - page 117

Download and view the complete annual report

Please find page 117 of the 2010 Energizer annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

Exhibit 13
ENERGIZER HOLDINGS, INC.
(Dollars in millions, except per share and percentage data)
107
and manufacturing efficiencies, are expected to be in the range of $25 to $35, by the end of
fiscal 2012.
On November 23, 2010, we completed the acquisition of American Safety Razor, LLC, a
Delaware limited liability company ("ASR"), as we acquired substantially all of the assets of ASR,
including the assets of its U.S. subsidiaries and the stock of its non-U.S. subsidiaries, and
assumed substantially all of the liabilities of ASR and its U.S. subsidiaries, for a cash purchase
price of $301. The Company financed this transaction with available cash of approximately $150
and borrowings from our existing receivable securitization program. ASR will be part of our
Personal Care Segment. ASR provides an important strategic fit and opportunity for the
Personal Care business as it competes in the value segment of the wet shave category. The
Company’s legacy Wet Shave product line focuses on branded wet shave products. ASR,
founded in 1875, is a leading global manufacturer of private label / value wet shaving razors and
blades, and industrial and specialty blades.