Energizer

Last updated
Energizer Holdings, Inc.
Company type Public
NYSE:  ENR
S&P 600 Component
Industry Consumer goods
Founded2000 (spun off from Ralston Purina Company)
July 1, 2015 (current structure)
Headquarters Town and Country, Missouri, U.S.
Key people
Mark LaVigne
(CEO)
Products
Brands
RevenueIncrease2.svg US$3.0215 billion (Fiscal Year Ended September 30, 2021) [1]
Increase2.svg US$154.2 million (Fiscal Year Ended September 30, 2021) [1]
Increase2.svg US$160.9 million (Fiscal Year Ended September 30, 2021) [1]
Total assets Decrease2.svg US$5.007 billion (Fiscal Year Ended September 30, 2021) [1]
Total equity Increase2.svg US$355.7 million (Fiscal Year Ended September 30, 2021) [1]
Number of employees
≈6,000 (worldwide, Fiscal Year Ended September 30, 2021) [1]
Parent Union Carbide (1980-1986)
Website www.energizer.com
www.energizerholdings.com

Energizer Holdings, Inc. is an American manufacturer and one of the world's largest manufacturers of batteries, headquartered in St. Louis, Missouri. [2] [3] [4] [5] It produces batteries under the Energizer, Ray-O-Vac, Varta, and Eveready brand names and formerly owned several personal care businesses until it separated that side of the business into a new company called Edgewell Personal Care in 2015.

Contents

In January 2018, Energizer announced it was purchasing the global battery and lighting division from Spectrum Brands, which includes the Ray-O-Vac and Varta brands, for $2 billion in cash. [6] This acquisition was finalized in January 2019 after a lengthy regulatory approval process. In November 2018, Energizer also purchased the global auto care division from Spectrum Brands (which include Armor All, STP, and A/C Pro) for $1.25 billion in cash and stock.

Energizer brand logo used since 2009. Energizer logo.svg
Energizer brand logo used since 2009.

History

An Energizer AA battery 02 - Single Energizer Battery.jpg
An Energizer AA battery

The company has its foundation in the Eveready Battery Company, which in 1980 changed the name of its Eveready Alkaline Power Cell to Energizer. In 1986, corporate parent Union Carbide sold Eveready Battery to Ralston Purina. In 2000, Ralston spun off Eveready, and the company was listed on the New York Stock Exchange as Energizer Holdings, Inc.

In 2003 under the leadership of then chief executive officer J. Patrick Mulcahy, Energizer Holdings started expanding into the personal care product sector by buying personal care and razor brand Schick and razor brand Wilkinson Sword from Pfizer.

In 2005, after Hurricane Katrina, Energizer worked with the Red Cross to donate flashlights, batteries, razors, and funds to help Hurricane Katrina relief workers and victims. [7] On November 3, 2005, Energizer Holdings Inc. said that higher sales of its Schick razors and blades partially offset lower sales of its batteries in North America. On a constant-currency basis, sales at Energizer rose 4 percent in its fourth quarter. [8]

In October 2007, the company acquired Playtex Products, Inc. for $1.9 billion. The purchase included sunscreen brand Hawaiian Tropic, which Playtex had bought a few months earlier, and Sun Pharmaceuticals Corp., which manufactures the Banana Boat sunscreen products. [9]

In 2009, Energizer acquired Edge and Skintimate shaving gels from S.C. Johnson & Son. [10] [11]

In 2010, the company released a new "Energizer Advanced Lithium" line as their top-performing product series. [12]

In October 2010, Energizer announced it was the winning bidder for the privately held American Safety Razor in a bankruptcy court auction. [13]

On October 19, 2012, Energizer Holdings said it was withdrawing 23 varieties of its Banana Boat brand of UltraMist spray-on sunscreen lotion from stores due to the risk of it igniting when exposed to fire. [14]

On July 31, 2013, Energizer bought the Stayfree, Carefree, and o.b. brands from Johnson & Johnson for $185 million. The purchase was only for the brands in North America – Johnson & Johnson continues to own the brands in all other regions of the world. [15]

On April 30, 2014, Energizer announced that by September 2015, it would separate its two lines of business into two publicly traded companies. With revenue of $1.9 billion in the latest fiscal year, the household business would have Energizer chairman J. Patrick Mulcahy as its chairman and unit chief Alan Hoskins as CEO. It would sell batteries, flashlights, and lamps. The personal care company, whose revenue was $2.6 billion, would have Energizer CEO Ward Klein serving as chairman and current unit head David Hatfield as CEO, and would sell feminine products from Playtex, Carefree, o.b. and Stayfree; shaving products from Schick, Edge, Skintimate and Wilkinson Sword; and suntan products from Hawaiian Tropic and Banana Boat. [16] [17]

In 2016, Energizer acquired HandStands Holding Corporation, a leading designer and marketer of automotive fragrance and appearance products. 2018 Energizer expanded its auto care portfolio with the Nu Finish auto appearance brands. [18]

In January 2018, Energizer announced it was purchasing the global battery and lighting division from Spectrum Brands, which includes the Ray-O-Vac and Varta consumer batteries brands, for $2 billion in cash. [6] This acquisition was finalized in January 2019. However, in May of the same year, the EU antitrust authorities ordered the household battery production of the Varta brand to be let go. Varta quickly bought this to reunite the brand, though Energizer still holds the VARTA brand for the Latin America and Asia Pacific markets. [19] [20]

Operations

As of 2021, Energizer has six operational facilities in the United States. It also has a manufacturing facility in Singapore since 1946, supplying the Asia and Oceania markets. [21] Singapore is home to Energizer's largest international plant, which is also the only Energizer facility outside the United States capable of producing alkaline and lithium batteries. [22]

See also

Related Research Articles

Eveready Battery Company, Inc. is an American manufacturer of electric battery brands Eveready and Energizer, owned by Energizer Holdings. Its headquarters are located in St. Louis, Missouri.

EvereadyEverready, or Ever Ready may refer to:

<span class="mw-page-title-main">Ralston Purina</span> American animal feed, food and pet food company

Ralston Purina Company was a St. Louis, Missouri,–based American conglomerate with substantial holdings in animal feed, food, pet food, consumer products, and entertainment. On December 12, 2001, it merged with Swiss food-giant Nestlé's Friskies division to form Nestlé Purina PetCare Company.

<span class="mw-page-title-main">S. C. Johnson & Son</span> American multinational household goods company

S. C. Johnson & Son, Inc. is an American multinational corporation, privately held manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. In 2017, S. C. Johnson employed approximately 13,000 people and had estimated sales of $10 billion.

<span class="mw-page-title-main">AAA battery</span> Standard size of dry cell battery

The AAA battery is a standard size of dry cell battery. One or more AAA batteries are commonly used in low-drain portable electronic devices. A zinc–carbon battery in this size is designated by IEC as R03, by ANSI C18.1 as 24, by old JIS standard as UM-4, and by other manufacturer and national standard designations that vary depending on the cell chemistry. The size was first introduced by The American Ever Ready Company in 1911. They're called #7 batteries in China, the name originating from the Burgess Battery Company designating his AAA batteries "Number 7".

<span class="mw-page-title-main">Electric shaver</span> Razor with an electrically powered rotating or oscillating blade

An electric shaver is a razor with an electrically powered rotating or oscillating blade. The electric shaver usually does not require the use of shaving cream, soap, or water. The razor may be powered by a small DC motor, which is either powered by batteries or mains electricity. Many modern ones are powered using rechargeable batteries. Alternatively, an electro-mechanical oscillator driven by an AC-energized solenoid may be used. Some very early mechanical shavers had no electric motor and had to be powered by hand, for example by pulling a cord to drive a flywheel.

<span class="mw-page-title-main">Wilkinson Sword</span> British safety razor brand

Wilkinson Sword is a formerly British brand for razors and other personal care products sold in Europe, owned by the US company Edgewell Personal Care. The company was founded as a manufacturer of guns made in Shotley Bridge in County Durham, by Henry Nock in London in 1772.

<span class="mw-page-title-main">Playtex</span> American feminine hygiene and baby care brand

Playtex is an American brand name for undergarments, baby products, gloves, feminine hygiene products, and sunscreen. The brand began in 1947 when International Latex Corporation (ILC) created a division named Playtex to produce and sell latex products. Playtex was the first to advertise undergarments on national television in 1955, written by Howard Shavelson at Ogilvy and Mather, and the first to show a woman wearing only a bra from the waist up in a commercial in 1977. They developed space suits for the Apollo program.

Hawaiian Tropic is an American brand of suntan lotion that was founded by Ron Rice in 1969. Hawaiian Tropic became the largest private manufacturer of sun care products in the United States. The company was acquired by Playtex Products, Inc. in May 2007. With Hawaiian Tropic and Playtex's Banana Boat brand, Playtex became the largest manufacturer of sun care products in the Western Hemisphere. Shortly after purchasing Hawaiian Tropic, Playtex Products was purchased by Energizer Holdings Inc. in a deal valued at $1.9 billion.

<span class="mw-page-title-main">VARTA</span> German electrical battery manufacturer

VARTA AG is a German company manufacturing batteries for global automotive, industrial, and consumer markets.

<span class="mw-page-title-main">Eveready Industries India</span> Indian battery manufacturer in Kolkata

Eveready Industries India Ltd. (EIIL) is an Indian company that manufactures and markets batteries and lighting products. The Eveready brand has been present in India since 1905. It also manufactures photogravure plates, castings, carbon electrodes and related products.

<span class="mw-page-title-main">Schick (razors)</span> American personal care brand

Schick is an American brand of personal care products and safety razors which was founded in 1926 by Jacob Schick. It is currently owned by Edgewell Personal Care.

Eveready East Africa is a Kenyan manufacturer and marketer of battery brands. It is headquartered in Nairobi, while maintaining a plant in Nakuru, Kenya.

<span class="mw-page-title-main">British Ever Ready Electrical Company</span>

The British Ever Ready Electrical Company (BEREC) was a British electrical firm formed in 1906 as the export branch of the American Eveready Battery Company. In 1914 it became independent of its American parent company.

The National Carbon Company was founded in 1886 by the former Brush Electric Company executive W. H. Lawrence, in association with Myron T. Herrick, James Parmelee, and Webb Hayes, son of U.S. President Rutherford B. Hayes, in Cleveland, Ohio. In 1890, National Carbon merged with Thomson-Houston, Standard Carbon, and Faraday Carbon.

Spectrum Brands Holdings, Inc. is an American diversified company headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation. It is one of the Fortune 500 companies, and among the largest of its kind.

<span class="mw-page-title-main">Edge (shaving gel)</span>

Edge is an American brand of shaving gel manufactured by Edgewell Personal Care. The line includes Sensitive Skin, Extra Moisturizing, Extra Protection, Ultra Sensitive, Clean and Refreshing, and Soothing Aloe.

<span class="mw-page-title-main">Harry's</span> American shaving equipment company

Harry's is an American company that manufactures and sells shaving equipment and men's personal care products via online and retail channels. The company is known for their subscription service where customers receive new razor blades, shaving cream, and other grooming products by mail. Harry's is based in New York.

American Safety Razor Company is a personal care brand founded in the early 20th century (1906) by a merging of the Gem Cutlery Company & Ever-Ready and has been a principal competitor to Gillette for a century and more. It is unrelated to the Gillette company which also used the name 'American Safety Razor Company' in 1901 until 1904 before it was renamed for its founder, King C. Gillette.

<span class="mw-page-title-main">Edgewell Personal Care</span> American multinational consumer products company

The Edgewell Personal Care Company is an American multinational consumer products company headquartered in Shelton, Connecticut. It was formed in 2015 following the corporate spin-off from Energizer Holdings. Edgewell Personal Care was formed by the renaming of the original Energizer Holdings; Energizer's battery business was then spun-off as Energizer Household Products and then renamed Energizer Holdings.

References

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  2. "." Energizer Holdings. Retrieved on February 11, 2020.
  3. "Zoning Map Archived 2010-02-02 at the Wayback Machine ." City of Town and Country. Retrieved on August 18, 2009.
  4. "Town and Country city Archived 2011-11-25 at the Wayback Machine ." U.S. Census Bureau. Retrieved on August 18, 2009.
  5. Volkmann, Kelsey. "Energizer to cut jobs as sales slump." St. Louis Business Journal . Tuesday July 28, 2009. Retrieved on August 18, 2009.
  6. 1 2 Shivdas, Sanjana (16 January 2018). "Energizer adds Rayovac batteries to lineup with $2 billion deal". Reuters . Archived from the original on 2023-02-01.
  7. "Energizer Donates Flashlights, Batteries, Razors and Funds to Help Hurricane Katrina Victims (Press release)". PRNewswire. Archived from the original on 2013-10-03.
  8. "Schick sales buoy Energizer Holdings". Archived from the original on 2015-06-10.
  9. Energizer Annual Report 2007, retrieved 2010-10-30
  10. "UPDATE 3-Energizer to buy SC Johnson shaving cream business". Reuters. May 11, 2009. Archived from the original on 2020-06-13. Retrieved November 12, 2020.
  11. "Energizer to buy shaving cream line". The Boston Globe. May 12, 2009. Retrieved January 25, 2016.
  12. "Battery History | Dry and Wet Cell Battery History | Energizer". www.energizer.com. Retrieved 2021-10-20.
  13. Reuters, retrieved 2011-06-18
  14. "Banana Boat sunscreen maker recalls 500,000 bottles of spray-on lotion because of fire risk". Daily News (New York) . 19 October 2012. Retrieved 2 September 2013.
  15. "Energizer Adds to Its Feminine Side". The Wall Street Journal. July 31, 2013.
  16. "Energizer to split into 2 companies to hone focus". Winston-Salem Journal . 30 April 2014. Archived from the original on 2 May 2014. Retrieved 30 April 2014.
  17. "Energizer Announces Intent To Separate Into Two Publicly Traded Companies". Energizer Holdings, Inc. 30 April 2014. Archived from the original on 30 April 2014. Retrieved 30 April 2014.
  18. "Energizer Announces Agreement to Acquire the Nu Finish Brands" (Press release).
  19. "Batteriehersteller: Varta kauft Geschäft mit Haushaltsbatterien zurück". www.handelsblatt.com (in German). Retrieved 2021-08-23.
  20. "Evertiq - VARTA AG buys back its consumer batteries business". evertiq.com. Retrieved 2021-08-23.
  21. "Energizer opens new battery production lines in Singapore". edb.gov.sg. Retrieved 3 October 2021.
  22. "Energizer Asia". energizer.asia. Energizer. Retrieved 3 October 2021. Our Singapore manufacturing plant in Jurong is the largest Energizer plant outside of the United States, producing Alkaline and Lithium AA and AAA batteries.