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Remington Products Co

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BUSINESS
August 23, 2003 | From Bloomberg News
Rayovac Corp. agreed to buy closely held Remington Products Co. for about $165 million in cash to enter the more profitable razor business. The purchase, which totals $322 million after the assumption of debt, will add to profit next year, Madison, Wis.-based Rayovac said. Rayovac is cutting reliance on batteries amid slowing sales and competition from Gillette Co. and Energizer Holdings Inc. Rayovac shares rose 65 cents to $14.25 on the NYSE.
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BUSINESS
August 23, 2003 | From Bloomberg News
Rayovac Corp. agreed to buy closely held Remington Products Co. for about $165 million in cash to enter the more profitable razor business. The purchase, which totals $322 million after the assumption of debt, will add to profit next year, Madison, Wis.-based Rayovac said. Rayovac is cutting reliance on batteries amid slowing sales and competition from Gillette Co. and Energizer Holdings Inc. Rayovac shares rose 65 cents to $14.25 on the NYSE.
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NEWS
December 24, 1994
Fedco Inc. and Remington Products Co. agreed to pay $50,000 in penalties and to stop selling writing pens that contain a small, hidden knife blade, the Orange County district attorney's office said. Prosecutors had argued that the device, Remington's Classic Writing Pen Knife, is a concealed weapon. The pens were sold in Fedco's Shaver Shops, which are operated by Remington.
NEWS
December 24, 1994
Fedco Inc. and Remington Products Co. agreed to pay $50,000 in penalties and to stop selling writing pens that contain a small, hidden knife blade, the Orange County district attorney's office said. Prosecutors had argued that the device, Remington's Classic Writing Pen Knife, is a concealed weapon. The pens were sold in Fedco's Shaver Shops, which are operated by Remington.
BUSINESS
March 17, 1999
* Service Merchandise Co. said five vendors forced the troubled specialty retailer into court-supervised reorganization as it filed an involuntary Chapter 11 bankruptcy petition. Among the vendors were Samsonite Corp., which claimed it is owed $3.62 million; Remington Products Co., claiming $3.64 million; and the Toy Biz Inc. unit of Marvel Enterprises, claiming $707,342. The listings were in documents released in U.S. Bankruptcy Court in Nashville. * Zale Corp., the largest U.S.
CALIFORNIA | LOCAL
March 10, 1994 | MARK I. PINSKY, TIMES STAFF WRITER
An Orange County Superior Court judge issued a temporary restraining order Wednesday prohibiting 10 Southern California Fedco stores from selling writing pens that contain a small, hidden blade. Following a 15-minute hearing, Judge Richard Frazee ordered Fedco, the chain's Shaver Shops and Remington Products Co., which operates the shops as a concession, to stop selling the pens.
NEWS
March 8, 1994 | MARK I. PINSKY, TIMES STAFF WRITER
Is Remington's "Classic Writing Pen Knife" an innocent letter opener or a potentially deadly concealed weapon? On Monday, Orange County consumer prosecutors filed suit to answer the question, prompting one of the area's largest discount retailers to immediately pull the product from store shelves. "We don't want to sell something that's not legal," said Matthew A. Ross, director of stores for Fedco Inc.
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