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New Deal


Announced

Completed

Spectrum Brands completed the acquisition of the home appliances and cookware business of Tristar Products for $450m.

Financials

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Transaction Value£312m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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home appliance

Single Bidder

Majority

Friendly

United States

Household Appliance

Acquisition

Domestic

Private

Completed

Synopsis

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Spectrum Brands, a holding company, completed the acquisition of the home appliances and cookware business of Tristar Products, a marketer of home appliances, fitness equipment, cooking innovations, and health and beauty products, for $450m. "We welcome the Tristar business and employees to our Home and Personal Care business and are tremendously excited about this partnership and the bright future of these two complementary assets," David Maura, Spectrum Brands Chairman and CEO.

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