March 26, 1998
* Rayovac Corp. announced a $9.5-million restructuring that will result in about 60 jobs being cut to reduce costs. The battery maker said it expects to save about $5 million annually after full implementation of the changes, expected early next year. * Thousands of small businesses--including restaurants, barbershops and funeral parlors--would not have to pay licensing fees for piped-in copyrighted music under a bill passed by the House of Representatives and that now goes before the Senate.
August 27, 1996 |
Rayovac to Sell 80% of Its Equity: The Madison, Wis.-based company said the investment firm of Thomas H. Lee Co. agreed to buy 80% of the nation's third-largest battery maker. Neither closely held Rayovac Corp. nor Thomas H. Lee Co., a Boston-based buyout firm, would disclose the terms of the agreement. Rayovac trails Ralston-Purina Group's Eveready and Duracell International Inc. with about 25% of the battery market.
January 19, 2001 |
Rayovac Corp., the No. 3 battery maker in the United States, said it will cut about 280 domestic jobs, or about 8% of its global work force, as part of an $18-million restructuring plan. The company will lay off about 240 employees when it closes its Wonewoc, Wis.-based lantern battery plant, which Rayovac said it expects to complete by August 2001.
January 5, 2005 |
Battery maker Rayovac Corp.'s announcement that it will purchase privately held United Industries Corp., maker of lawn care and pet supply products, for about $546 million in stock and cash was cheered Tuesday by Wall Street as an opportunity by Rayovac to transform itself into a more diversified company. Rayovac shares rose 17% to a record high. The deal will allow Atlanta-based Rayovac, third behind Gillette Co.'s Duracell and Energizer Holdings Inc.'s Energizer in the U.S.
March 25, 2002 |
Rayovac Corp. said it has developed a new rechargeable battery that will take only 15 minutes to recharge. The technology will cut recharging time from one hour for its most powerful rechargeable batteries, designed for high-drain devices such as digital cameras, the Madison, Wis.-based battery maker said.
July 30, 2002
* Humana Inc. said second-quarter profit rose to $45.4 million, or 27 cents a share, from $25.1 million, or 15 cents, a year earlier. Revenue advanced 13% to $2.8 billion from $2.5 billion. * El Paso Electric Co. will be allowed to continue selling electricity and natural gas at market prices, U.S. regulators said. * Rayovac Corp. agreed to buy the consumer-battery business of German rival Varta for $262 million in cash as the third-largest U.S battery maker tries to boost sales overseas.