MADISON, Wis.–Spectrum Brands Holdings, Inc., a global consumer products company has announced its United Pet Group division has signed an agreement to acquire FURminator, the leading provider of deshedding products.
“FURminator immediately expands and further strengthens UPG’s broad companion animal product portfolio through entry into the large and growing dog and cat grooming category,” said Dave Lumley, CEO of Spectrum Brands Holdings. “It also helps achieve our objective for more balance in UPG’s two product segments of aquatics and companion animals.”
FURminator was founded in 2002 and markets professional quality grooming tools and accessories for dogs and cats.
“The transaction is expected to provide significant global growth opportunities and manufacturing, supply chain and distribution synergies, most notably leveraging United Pet Group’s global infrastructure to expand sales both internationally and domestically through our strong relationships with mass merchandisers and pet stores,” Lumley said.
The acquisition is expected to close by the end of 2011.
For more information, visit www.spectrumbrands.com.