Spectrum Brands Holdings

SPB

Spectrum Brands Holdings, Inc., a Fortune 500 company, is an American diversified company. Its headquarters are located in Middleton, Wisconsin and was established in 2005 as the successor company to Rayovac Corporation. The company manufactures and markets home appliances under the Remington, Black & Decker, George Foreman, and Russell Hobbs brand names, lawn and garden care products under the Spectracide and Garden Safe brand names, and insect repellents under the Cutter and Repel brand names. Spectrum owns several pet care companies, both in the aquarium supply and companion animal trades. In the aquarium business, Spectrum owns Tetra, Whisper, Marineland, Perfecto, Jungle, Instant Ocean, Visi-Therm, and other product lines. Companion animal lines consist of Dingo, Nature's Miracle, Lazy Pet, Wonderbox, Furminator, IAMS, Eukanuba and others. Both aquarium lines and companion lines are concentrated into Spectrum's United Pet Group based in Cincinnati, Ohio. Spectrum's Hardware & Home Improvement division includes brands such as Kwikset, Baldwin, National Hardware, Pfister, and more. On February 26, 2018, the company announced it was merging with controlling shareholder HRG Group. As of 2018, Spectrum Brands is ranked #422 on the Fortune 500 rankings of the largest United States corporations by total revenue.Spectrum manufactured and sold batteries under the Rayovac and Varta brand names, until it sold its battery division to long-time Rayovac competitor Energizer in January 2018.

Spectrum Brands Holdings has been a target of short sellers for a while. The current short interest of 16.36% is slightly above the average of the last 12 months (13.37%).