American Securities completed the acquisition of a majority stake in Conair.

American Securities, a private equity firm, completed the acquisition of a majority stake in Conair, a retailer of kitchenware and personal care equipment. Financial terms were not disclosed. "The partnership with American Securities will allow us to continue our evolution with a focus on new product development and an acceleration of our M&A activities while continuing to bring efficiencies to our operations," Ron Diamond, Conair President and CEO.