Spectrum merges with principal shareholder

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.

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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.

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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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