Tag Archives: Dave Lumley

Spectrum Brands Repays $100 Million in Debt


MADISON, Wis.-Spectrum Brands, parent company of the Remington line of personal-care products and the Russell Hobbs collection of small electrics, has reduced its debt by $100 million, thus meeting its objective of repaying term debt by at least $200 million by the end of fiscal 2013. The company’s fiscal year ended earlier this week. “WeMore »

Last updated: October 3, 2013

Polistina to Leave as Head of Spectrum Global Appliances


MADISON, Wis.-Terry Polistina, president of the global appliances division of Spectrum Brands, will exit his post effective Sept. 30, but will continue to serve on the company’s board of directors. When Spectrum completed its acquisition of Russell Hobbs—parent of the Black & Decker, George Foreman, Farberware, Toastmaster and Juiceman small-electrics brands—in June 2010, Polistina, thenMore »

Last updated: September 17, 2013

Q3 Profit Falls For Spectrum Brands’ Global Batteries and Appliances


MADISON, Wis.-Third-quarter segment profit for Spectrum Brands’ Global Batteries & Appliances unit dropped 4.7 percent, to $44.9 million, with sales declining for the unit’s small appliances and personal-care products. Net sales for the segment totaled $491.6 million, down 1.8 percent, in the quarter which ended on June 30. This included a 2.6 percent falloff inMore »

Last updated: August 6, 2013