Rayovac 2005 Annual Report Download - page 9

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The Spectrum Brands management team has a successful track record of acquiring and integrating companies
in a manner that drives shareholder value. In making acquisitions, we search for high-growth companies that offer
a good strategic fi t, and that present us with the opportunity to apply proven management disciplines to achieve
operating excellence and realize signifi cant synergies. Following our acquisitions of United Industries and Tetra,
we are working to capture all of these benefi ts and to leverage a brand new opportunity to fuel earnings growth.
Shaving and
Grooming and
Personal Care
2003
REMINGTON
In the fi rst step of Rayovac’s diversifi cation
strategy, the company acquired Remington
Products LLP, a leading manufacturer and
marketer of electric shaving and grooming
and personal care products in North America
and the United Kingdom, with annual
revenues of $350 million.
2005
UNITED INDUSTRIES
Rayovac transforms itself through the acquisition of
United Industries, thereby entering three major new
product categories – lawn and garden, household
insect control and specialty pet supplies. In recognition
of the transforming nature of this acquisition, Rayovac
Corporation adopts a new name – Spectrum Brands, Inc.
2005
TETRA HOLDING
The acquisition of Tetra Holding brought
Spectrum Brands the leading global brand in
aquatics and a solid presence in fi sh and aquatic
supplies in 90 countries around the world
with annual revenues of $250 million.
2005
UNITED PET GROUP
Spectrum Brands entered the pet supplies category through the
acquisition of United Industries’ United Pet Group. This $250 million
business holds a number two market share position in the highly
attractive North American specialty pet supplies industry.
2005
JUNGLE LABS
Jungle Labs, a niche manufacturer of premium
water and fi sh care products, further strengthened
Spectrum Brands’ leading position in the
global aquatics industry.
Lawn and Garden
The diversifi cation brought about through
the acquisition of United Industries included
a $550 million lawn and garden business,
with a number two share position in the
North American market.
Specialty
Pet Supplies
Household Insect Control
Household insect control was the second major product
category added to Spectrum Brands’ portfolio as a
result of the United Industries acquisition. The company
generated $150 million in annual revenues from
household insect control sales in North America.