Spectrum Brands Holdings, Inc. (SPB) declared that it has purchased Salix Beastly Health, LLC, a a captivated dog aliment accumulation company, in an all-cash deal, in adjustment to strengthen its Pet aliment articulation further. However, any added banking acceding of the acceding remained beneath covers.
Salix, which generates revenues of about $100 actor annually, engages in the administration and assembly of above affection accustomed rawhide dog food, including dog chews, candy and treats. Also, it is the better in its industry worldwide.
The angular chip anatomy of Salix, forth with its accepted Healthy-Hide and Digest-eeze brands, is acceptable to be accretive to Spectrum Brands’ business and coalesce its authority in the rawhide dog treats space. The latter, actuality a pet sub-segment, is accepting absorption in the bazaar with accepted all-embracing retail sales of almost $2 billion annually.
The 27-year-old Salix has accomplishment plants in assorted countries including Mexico, Ecuador, Brazil and Colombia. Its advanced reach, use of latest technology, assorted artefact ambit and able accumulation alternation arrangement are acceptable to coalesce Spectrum Brands’ Dingo business and actualize acquirement opportunities in Latin America and Europe.
Also, the accretion is accepted to addition Spectrum Brands’ top band and accomplish amount synergies for its Pet business. The aggregation has been focused on accretion its Pet business back a continued time. This is axiomatic as Spectrum Brands afresh completed the buyout of Procter & Gamble’s (PG) European pet aliment business.
The accretion will anatomy allotment of Spectrum Brands’ United Pet Group division, which articles articles for the all-around pet aliment market, with acclaimed brands like Tetra, Marineland, FURminator, Nature’s Miracle and Dingo to its credit. Generating anniversary sales of about $200 million, this business will accommodate cogent artefact cast disinterestedness and has the abeyant to enhance margins.
Spectrum Brands’ accent on expansions and acquisitions in adjustment to drive abiding advance has consistently appealed to investors. In aboriginal 2014, the aggregation had ventured into a new artefact band with the accretion of arch beastly repellents company, The Liquid Fence Aggregation Inc.
We accept that the company’s focus on amplification via these acquisitions is acceptable to drive its business and advice it accommodate above account to its consumers.
Spectrum Brands currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the customer staples area accommodate Pilgrim’s Pride Corp. (PPC) and Tyson Foods, Inc. (TSN), anniversary antic a Zacks Rank #1 (Strong Buy).
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