Agrow is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Spectrum Brands files for bankruptcy

The US consumer products company, Spectrum Brands (Atlanta, Georgia), has filed for reorganisation under Chapter 11 of the US Bankruptcy Code. The company has agreed a refinancing deal to reduce of its debts of some $2,600 million by about a third. It has no plans to make major operating changes to its three business units, which “have been profitable and have generated positive cash flow”, says chief executive officer Kent Hussey. Spectrum Brands’ home and garden pesticide sales amounted to some $300 million out of total sales of $2,700 million in the year ending September 30th 2008.

Advertisement

Topics

What to read next

Advertisement
UsernamePublicRestriction

Register

AG013199

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel