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November 14, 2012

Consumer products company Spectrum Brands Holdings has acquired a 56% interest in Shaser Bioscience, a privately held developer of energy-based, aesthetic dermatological technology for home use devices, for $50 million in cash.

MADISON, Wis. — Consumer products company Spectrum Brands Holdings has acquired a 56% interest in Shaser Bioscience, a privately held developer of energy-based, aesthetic dermatological technology for home use devices, for $50 million in cash.

The transaction provides Spectrum Brands with exclusive rights to Shaser Bioscience’s entire range of technology platforms and strengthens the position of Spectrum Brands’ Remington personal care division in the growing segments of the worldwide beauty and skin care retail device market.