Spectrum completes Armored acquisition

MIDDLETON, Wis. — Spectrum Brands Holdings announced it has completed the acquisition of Armored AutoGroup Parent Inc. from Avista Capital Partners for $1.4 billion in cash and assumed debt. A definitive merger agreement was announced on April 28. Armored AutoGroup is a consumer products company consisting primarily of the Armor All and STP brands in the automotive aftermarket appearance products and performance chemicals/additives categories, and the A/C PRO brand in the DIY automotive air conditioner recharge category.