Spectrum merges with principal shareholder

Ground was broken for the local Spectrum Brands distribution center in June 2016, the first concrete wall was poured in September that year and the first pallet was shipped from the center in January 2017. THOMAS GNAU/STAFF

Ground was broken for the local Spectrum Brands distribution center in June 2016, the first concrete wall was poured in September that year and the first pallet was shipped from the center in January 2017. THOMAS GNAU/STAFF
Business
By
Feb 27, 2018
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Spectrum Brands Holdings Inc., which operates one of the region’s newest distribution centers near the Dayton International Airport, will combine with its largest shareholder, holding company HRG Group Inc., the companies said Monday.

The two companies said that Spectrum’s management team will remain in place, and continue to be based in Middleton, Wis. And HRG’s board will be replaced by the Spectrum board.

RELATED: SNEAK PEAK: Maker of STP operating distribution center near airport

Spectrum said the sale of its battery business and Rayovac brand to Energizer Holdings will proceed.

Spectrum’s brand portfolio includes Remington, George Foreman grills, Black + Decker tools, Iams pet foods and more.

In 2016, Spectrum began building its $33 million, 570,000-square-foot center for distribution, manufacturing and research near Dayton International Airport, off U.S. 40.

RELATED: NASCAR's Petty helps open Spectrum

The Dayton building is more than a warehouse. Spectrum Brands Holdings bought the Armored AutoGroup from Avista Capital Partners for $1.4 billion in April 2015. So the center north of National Road is focused mostly on consolidation, production and shipping of auto care products — A/C Pro, Tuff Stuff, Armor All and STP products — but other brands have also found a place at the center.

The Dayton site has made possible the closing or shrinking of operations in Garland, Texas, Painesville and Mentor, Ohio, as well as the San Francisco area.

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Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.