HKW Sheds Furminator To Pet Supply Co. For $140M

Law360, New York (December 6, 2011, 4:28 PM EST) -- Global pet supplies holding company Spectrum Brands Holdings Inc. has agreed to purchase de-shedding tool manufacturer Furminator Inc. from private equity firm Hammond Kennedy Whitney & Co. Inc. for $140 million in cash, Spectrum said Tuesday.

The deal is set to close by the end of the calendar year and was made through Spectrum's United Pet Group division as part of the company's effort to expand its interests in products made for cats and dogs, according to spokesman Dave Prichard.

The United Pet Group brought in...
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