Sunday, March 27, 2005

Rayovac adds global pet products

Rayovac, soon to be called Spectrum Brands, is at it again, recently announcing a $600 million acquisition of pet food and supplies company Tetra Holding GmbH.

Tetra is active in 90 countries, especially Germany, the U.S., Japan, and the U.K. where it sells fish and reptile products.

Source: "Rayovac Expands Into Pet Business," Reuters, Mar 15, 2005

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2 Comments:

At 3:56 PM, Anonymous Anonymous said...

What is Tetra's annual revenue?

 
At 4:18 PM, Blogger Michael Dillon said...

I'm not sure. But Spectrum Brands (then called Rayovac) paid over $556 million for Tetra in April, reportedly at over seven times earnings.

 

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