Armor All maker sells for US$1.4B
The deal will give Spectrum Brands Armor All's protectants
NEW YORK—Spectrum Brands is buying Armored AutoGroup, the maker of Armor All and STP car care products, for $1.4 billion in cash and stock.
The deal will give Spectrum Brands Armor All’s protectants, tire and wheel-care products, and air fresheners, along with STP’s fuel additives and A/C Pro air conditioner recharge products.
Spectrum Brands owns Kwikset locks, George Forman grills, Black & Decker power tools and home improvement products, Rayovac batteries and Farberware cookware.