Spectrum Brands Completes Acquisition of Tristar Products’ Kitchen Appliances and Cookware Business|||

MIDDLETON, Wis.–(BUSINESS WIRE)–Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, appear today the completion of its previously announced acquisition of the kitchen appliances and cookware categories of Tristar Products, Inc. (“Tristar”).

“We welcome the Tristar business and employees to our Habitation and Personal Intendance (“HPC”) concern and are tremendously excited about this partnership and the brilliant time to come of these two complementary avails,” said David Maura, Chairman and Main Executive of Spectrum Brands. “I am even more than excited about this strategic combination after joining our HPC global leadership and new product evolution, engineering and marketing teams in hosting the Tristar squad concluding week at our Middleton, WI facilities. The energy, inventiveness and ideas that nosotros have already generated, reaffirm my confidence that we will create a leading global dwelling house appliances and personal intendance company, separate from Spectrum Brands, with a powerful and innovative portfolio of leading brands, delivering higher margins and faster sustainable long-term growth.”

Credit Suisse Securities, RBC Capital Markets and Canaccord Genuity Sawaya Partners acted as financial advisors, and Sidley Austin LLP and Davis Polk & Wardwell LLP acted equally legal counsel to Spectrum Brands on the transaction. Stifel acted equally exclusive financial advisor and Venable LLP every bit legal counsel to Tristar Products.

Virtually Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings is a dwelling-essentials company with a mission to brand living meliorate at home. We focus on delivering innovative products and solutions to consumers for apply in and around the home through our trusted brands. We are a leading supplier of shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest command products, and personal insect repellents. Helping to meet the needs of consumers worldwide, Spectrum Brands offers a broad portfolio of market-leading, well-known and widely trusted brands including Emeril Everyday®, PowerXL®, Copper Chef®, Remington®, George Foreman®, Russell Hobbs®, Blackness+Decker®, Tetra®, DreamBone®, SmartBones®, Nature’s Miracle®, 8-in-ane®, FURminator®, Good for you-Hide®, Skillful Boy®, Meowee!® , OmegaOne®, OmegaSea®, Spectracide®, Cutter®, Repel®, Hot Shot®, Rejuvenate®

Black Flag®, and Liquid Fence®. For more information, delight visit www.spectrumbrands.com. Spectrum Brands – A Dwelling house Essentials Company™

Forwards-Looking Statements

Sure matters discussed in this press release may be forward-looking statements inside the meaning of the Private Securities Litigation Reform Act of 1995. We take tried, whenever possible, to place these statements by using the words similar “hereafter”, “anticipate”, “intend”, “plan”, “believe”, “wait”, “project”, “forecast”, “could”, “would”, “should”, “will”, “may” and similar expressions of future intent or the negative of such terms. These statements are based upon our current expectations of futurity events and projections and are subject to a number of risks and uncertainties, many of which are beyond our control and some of which may change rapidly, bodily results or outcomes may differ materially from those expressed or implied herein, and you should not place undue reliance on these statements. Important factors that could cause our bodily results to differ materially from those expressed or implied herein include, without limitation: (i) the ability to consummate the announced transaction on the expected terms and within the anticipated time menstruation, or at all, which is dependent on the parties’ ability to satisfy certain closing weather and our ability to realize the benefits of the transaction; (2) the risk that regulatory approvals that are required to complete the proposed transaction may non be received, may take longer than expected or may impose adverse conditions; (3) our ability to realize the expected benefits of such transaction and to successfully integrate the business; (4) our power to create an independent Global Appliances business concern on expected terms, and within the anticipated fourth dimension menstruum, or at all, and to realize the potential benefits of such concern; (v) our ability to successfully separate the Company’s Abode and Personal Care business and to realize the expected benefits of such separation terms, and within the predictable time menstruation, or at all; (6) our discretion to behave, append or discontinue our share repurchase programme (including our discretion to conduct purchases, if any, in a variety of manners including open-market place purchases or privately negotiated transactions); (7) the touch of the COVID-19 pandemic on our customers, employees, manufacturing facilities, suppliers, the majuscule markets and our financial status, and results of operations, all of which tend to aggravate the other risks and uncertainties we face; (eight) the touch of our indebtedness on our business, financial condition and results of operations; (nine) the impact of restrictions in our debt instruments on our ability to operate our business concern, finance our uppercase needs or pursue or expand business concern strategies; (x) whatsoever failure to comply with financial covenants and other provisions and restrictions of our debt instruments; (xi) the effects of full general economic conditions, including the bear on of, and changes to tariffs and trade policies, inflation, recession or fears of a recession, depression or fears of a depression, labor costs and stock market volatility or budgetary or fiscal policies in the countries where nosotros do business; (12) the impact of fluctuations in transportation and shipment costs, article prices, costs or availability of raw materials or terms and weather condition available from suppliers, including suppliers’ willingness to advance credit; (thirteen) interest rate and substitution rate fluctuations; (fourteen) the loss of, significant reduction in, or dependence upon, sales to any pregnant retail client(south); (15) competitive promotional activeness or spending by competitors, or price reductions by competitors; (16) the introduction of new product features or technological developments by competitors and/or the evolution of new competitors or competitive brands; (17) the impact of actions taken by pregnant stockholders; (18) changes in consumer spending preferences and demand for our products, particularly in lite of the COVID-19 pandemic and economic stress; (19) our power to develop and successfully introduce new products, protect our intellectual belongings and avoid infringing the intellectual belongings of tertiary parties; (twenty) our power to successfully identify, implement, achieve and sustain productivity improvements (including our Global Productivity Comeback Programme), price efficiencies (including at our manufacturing and distribution operations) and cost savings; (21) the seasonal nature of sales of certain of our products; (22) the furnishings of climate change and unusual weather activity, also as farther natural disasters and pandemics; (23) the toll and issue of unanticipated legal, revenue enhancement or regulatory proceedings or new laws or regulations (including ecology, public health and consumer protection regulations); (24) public perception regarding the condom of products that nosotros manufacture and sell, including the potential for ecology liabilities, product liability claims, litigation and other claims related to products manufactured by united states and 3rd parties; (25) the touch on of existing, awaiting or threatened litigation, government regulations or other requirements or operating standards applicative to our business organisation; (26) the impact of cybersecurity breaches or our bodily or perceived failure to protect visitor and personal data, including our failure to comply with new and increasingly circuitous global data privacy regulations; (27) changes in accounting policies applicative to our concern; (28) our ability to utilize internet operating loss carry-frontwards to offset tax liabilities from future taxable income; (29) the impact of expenses resulting from the implementation of new business strategies, divestitures or electric current and proposed restructuring activities; (30) our ability to successfully implement further acquisitions or dispositions and the impact of whatever such transactions on our financial performance; (31) the unanticipated loss of key members of senior direction and the transition of new members of our direction teams to their new roles; (32) the bear on of economic, social and political conditions or civil unrest in the U.S. and other countries; (33) the furnishings of political or economical conditions, terrorist attacks, acts of war, including whatever potential disharmonize in Ukraine, natural disasters, public wellness concerns or other unrest in international markets; (34) our ability to achieve our goals regarding environmental, social and governance practices; (35) our increased reliance on tertiary party partners, suppliers, and distributors to attain our business organisation objectives; (36) the ability to consummate the announced Hardware and Home Comeback (“HHI”) divestiture on the expected terms and inside the anticipated fourth dimension period, or at all; (37) the adventure that regulatory approvals that are required to consummate the proposed HHI divestiture may non exist realized, may accept longer than expected, or may impose adverse conditions; and (38) the other risk factors set forth in the securities filings of Spectrum Brands Holdings, Inc. and SB/RH Holdings, LLC, including our fiscal 2021 Almanac Report and subsequent Quarterly Reports on Form 10-Q.

Popular:   Smith Micro Reports Fourth Quarter and Fiscal Year 2021 Financial Results|||

Some of the above-mentioned factors are described in further detail in the sections entitled “Risk Factors” in our annual and quarterly reports, as applicative. Y’all should assume the data actualization in this press release is accurate only every bit of the date hereof, or equally otherwise specified, every bit our business organisation, financial condition, results of operations and prospects may have changed since such date. Except every bit required by applicative law, including the securities laws of the United States and the rules and regulations of the United States Securities and Exchange Commission, we undertake no obligation to publicly update or revise any forward-looking argument, whether equally a result of new data, hereafter events or otherwise, to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.


Investor/Media Contact:

Jeremy Smeltser


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