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Spectrum Brands Holdings Opens New World Headquarters Building In Greater Madison, Wisconsin Area

Among the many highlights of the new structure is the “Spectrum Brands Institute of Design & Technology,” with state-of-the-art labs and equipment and 20 percent more space than the prior facility devoted to research, innovation and new product development for the Company’s global battery, personal care and home appliances businesses.

The Company, which changed its corporate name to Spectrum Brands from Rayovac in 2005, moved into the newly built Rayovac Drive facility in 1985 as its new headquarters, adjacent to its existing battery technology center constructed in 1965. In addition to serving as Spectrum Brands’ world headquarters for all but six of those years since 1985, the Rayovac Drive complex has housed the North American Rayovac battery operations and, following its acquisition in 2003, the North American Remington personal care operations.

“Since our origins, more than 100 years ago, as a battery manufacturer on Madison’s east side, our Company has played a significant role as a major employer in Dane County and other parts of Wisconsin,” said Mr. Lumley. “We are pleased about our move to Middleton, as well as our ability to retain our world headquarters, and North American appliances operations and R&D functions in the greater Madison area of Wisconsin, and continue our long history of investment in our state, which includes capital spending of approximately $40 million over the next five years.”

In addition to its world headquarters in Middleton, Spectrum Brands maintains Wisconsin battery manufacturing plants in Fennimore, with 300 employees, and Portage, with 200 employees, along with a returns center in DeForest.

The developer for Spectrum Brands’ new world headquarters was Livesey Company, a family-owned, commercial real estate development company based in Middleton. The new world headquarters project was supported by the Wisconsin Economic Development Corporation, which provided financial support.

FACT SHEET

October 2013

Spectrum Brands

Annual Wisconsin Economic Impact – Nearly $100 Million

  • Wisconsin Full-Time Employees – 1,050
  • Estimated Additional Full-Time Employees by 2014 – 25
  • Current Annual Wisconsin Payroll – $72 million (up to $74 million with new hires)
  • Annual Wisconsin State Individual Income Withholdings – $6.5 million
  • Annual Premiums Paid to Wisconsin Health Care Insurers – $6 million
  • Annual Wisconsin Capital Spending – $8-10 million
  • Annual Wisconsin Property Taxes Paid – Nearly $700,000

About Spectrum Brands Holdings, Inc.

Spectrum Brands Holdings, a member of the Russell 2000 Index, is a global and diversified consumer products company and a leading supplier of consumer batteries, residential locksets, residential builders’ hardware, faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents. Helping to meet the needs of consumers worldwide, our Company offers a broad portfolio of market-leading, well-known and widely trusted brands including Rayovac®, Varta®, Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister®, Remington®, George Foreman®, Black & Decker®, Toastmaster®, Farberware®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®,

FURminator®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot® and Black Flag®. Spectrum Brands' products are sold by the world's top 25 retailers and are available in more than one million stores in approximately 140 countries. Spectrum Brands Holdings generated net sales of approximately $3.25 billion in fiscal 2012. On a pro forma basis following our Company’s December 2012 acquisition of the Hardware & Home Improvement Group (HHI) from Stanley Black & Decker, Spectrum Brands had net sales of more than $4 billion for fiscal 2012. For more information, visit www.spectrumbrands.com .



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