Energizer Holdings, a St. Louis, Missouri-based global energy solutions company with a full portfolio of products including the Energizer brand of batteries, announced it plans to buy Rayovac batteries and other battery and lighting products from Spectrum Brands for $2 billion. According to the company, the acquisition will expand Energizer’s presence in international markets, broaden its product portfolio and manufacturing capabilities, and increase capacity for research and development.
“The combination will enable us to leverage Spectrum Brands’ manufacturing assets, significantly expand our international business and enhance our long-term brand building capabilities as we broaden our portfolio with the Varta and Rayovac brands and our geographies with Spectrum Batteries’ passionate global colleagues,” said Energizer CEO Alan Hoskins.
Missouri is home to leading developers and producers of batteries for the defense, space, automotive, and consumer industries. Our batteries power NASA’s space program, including the current Curiosity mission to Mars. We are one of the top three states for battery production, a leading producer of lead for batteries, and a leading developer of next-generation lithium batteries in the U.S.
Our next-generation battery manufacturers are taking advantage of our location and extensive logistics infrastructure, making it simple and efficient to ship energy-related products around the world. And Missouri’s low cost of energy, combined with low cost of living and doing business, positions Missouri as a prime location for manufacturers across the energy sector.
For more information on Missouri’s energy solutions industry, check out our industry webpage, or contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form. We’d be happy to answer any questions you might have, and show you how Missouri Partnership can help with your business expansion, collaboration and investment needs.