ATLANTA (June 28, 2010) – Sutherland Asbill & Brennan LLP advised Spectrum Brands, Inc., in its merger with Russell Hobbs Inc., to form a new global consumer products company with an estimated $3 billion in annual revenue. The new company will have a new home appliance business unit featuring a variety of well-known consumer brands, including George Foreman, Russell Hobbs, Black & Decker, Toastmaster and Littermaid.
The transaction was announced February 9, 2010, and closed June 16, 2010.
The Sutherland team was led by Corporate Partner Mark D. Kaufman in Atlanta and included Corporate Partners Eric R. Fenichel and David A. Zimmerman in Atlanta; Corporate Partners Cynthia M. Krus, Douglas J. Leary, Elisabeth A. Langworthy and John J. Mahon in Washington, D.C.; Corporate Partner Bert Adams in New York; Litigation Partner Rocco E. Testani in Atlanta; Real Estate Partner R. Robinson Plowden in Atlanta; Tax Partners Reginald J. Clark, Alice Murtos and Robert J. Neis in Atlanta; Intellectual Property Counsel Christopher J. Chan in Atlanta; Corporate Associates Jennifer D. Lambert, Brian M. Murphy and Brennan A. Posner in Atlanta; Corporate Associates Vlad M. Bulkin and Bradford J. Sayler in Washington, D.C.; Litigation Associate Irene Virginia Gupta in Atlanta; Tax Associate Daniel M. Buchner in Washington, D.C.; and Tax Associate Jamey A. Medlin in Atlanta.
About Spectrum Brands, Inc.
Spectrum Brands is a global consumer products company and a leading supplier of batteries, shaving and grooming products, personal care products, specialty pet supplies, lawn and garden and home pest control products, personal insect repellents and portable lighting. Helping to meet the needs of consumers worldwide, included in its portfolio of widely trusted brands are Rayovac®, Remington®, Varta®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, Spectracide®, Cutter®, Repel®, and HotShot®. Spectrum Brands’ products are sold by the world's top 25 retailers and are available in more than one million stores in more than 120 countries around the world. Headquartered in Atlanta, Georgia, Spectrum Brands generates annual revenue from continuing operations in excess of $2 billion.
SUTHERLAND ASBILL & BRENNAN LLP
Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas—corporate, energy and environmental, financial services, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies.
Parties’ names, nations, business descriptions:
Spectrum Brands, Inc.; Atlanta, Georgia; a global consumer products company and a leading supplier of batteries, shaving and grooming products, personal care products, specialty pet supplies, lawn and garden and home pest control products, personal insect repellents and portable lighting.
Russell Hobbs, Inc.; Miramar, Florida; Russell Hobbs, Inc., and its subsidiaries are leading marketers and distributors of a broad range of branded small household appliances.
Date Deal Announced: February 9, 2010
Date of Completion (if applicable): June 16, 2010
Deal status: Closed
Which party firm advised: Spectrum Brands, Inc.
Advisory role: Legal counsel
Deal Description or comments (if necessary): Sutherland Asbill & Brennan LLP advised Spectrum Brands, Inc. in its merger with Russell Hobbs Inc., to form a new global consumer products company.