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Spectrum Brands)

Battery maker Varta buys back its consumer brand amid EC competition concerns

Thu, 01/09/2020 - 14:44 -- Paul Crompton

Battery maker Varta has bought back Europe-based Varta Consumer Batteries 18 years after selling it to US company Rayovac Corporation (latterly Spectrum Brands) for $262 million.

The German manufacturer completed the buy out of the company for an enterprise value of €180 million ($200 million) from US-based Energizer Holdings subject to a closing balance sheet to be prepared on the closing date. 

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