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Growing affinity between personal/household care and pet care.
December 6, 2011
By: TOM BRANNA
Editor
Spectrum Brands Holdings’s United Pet Group (UPG) division has signed a definitive agreement to acquire FURminator, a leading worldwide provider of branded and patented deshedding products to the pet industry, from HKW Capital Partners III, L.P. and the other shareholders for $140 million cash. The global dog/cat grooming category is estimated at $200 million annually and is growing 3-4 percent per year, said Spectrum. The category consists of products such as deshedders, shampoos, combs/rake...
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