VARTA completed the acquisition of VARTA Consumer Batteries from Energizer for $401m.

VARTA, a battery manufacturer, completed the acquisition of Europe-based VARTA Consumer Batteries unit from Energizer, manufacturers of batteries, for $401m. “With this transaction, we are seizing the unique opportunity to bring together what belongs together. The acquisition allows us to make extensive use of our premium brand name again, which also stands for technology and innovation leadership. In addition, VARTA Consumer’s attractive cash flow profile will make a significant contribution to the further expansion of our fast-growing, highly profitable lithium-ion production. Our growth strategy thus remains uncompromised; the pace of expansion for our lithium-ion production remains unchanged," Herbert Schein, VARTA CEO.