Energizer buys Spectrum Brands battery & lightning business

“We extend our thanks to both the Spectrum Brands and Energizer teams for working nearly a year to bring this global transaction to a successful completion,” says David M. Maura, Executive Chairman and Chief Executive Officer of Spectrum Brands Holdings, in a press release. “We can now embark on our debt reduction initiatives to materially improve our capital structure in fiscal 2019 as we focus on our four continuing businesses with increased investments in innovation and brand support.”