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August 29, 2003
By: TOM BRANNA
Reports suggest that Rayovac, the No. 3 U.S. battery maker, has entered into an agreement to purchase Remington Products Co., maker of battery-powered electric shavers and grooming products, for $165 million.This will throw a curveball in Gillette Co. and Energizer Holdings’ battle for the No. 1 spot in the battery and razor categories. Remington, headquartered in Bridgeport, CT, has been owned by the Kiam family and Vester Capital Partners since 1996. For the 12 months ended June 30, Remington reported sales of $360.3 million.
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