ST. LOUIS (AP) -- Energizer Holdings Inc. said Tuesday it closed its acquisition of American Safety Razor.
In October, Energizer said it was the winning bidder in bankruptcy court proceedings for the fourth-largest manufacturer and distributor of wet shave products. Energizer is the parent company of Schick Wilkinson Sword, which is the second-largest maker and marketer of razors and other products under brands including Hydro, Quattro, Xtreme 3 and others. Procter & Gamble Co.'s Gillette division is No. 1 in the razor market.
Energizer agreed to buy substantially all of American Safety Razor's assets for $301 million in cash plus assumption of certain liabilities.
Earlier in November, antitrust regulators in the U.S., Germany and Taiwan approved the deal.
The company is best known by name for its batteries, but its personal care division also includes Playtex tampons and Wet Ones moist wipes.
Energizer's shares dipped 27 cents to close at $68.81.
