In an expansion of its wellness-related business, Helen of Troy Ltd. today announced that it has completed the acquisition of Kaz, Inc.
Based in Southborough, Massachusetts, Kaz is a supplier of health care and home environment consumer solutions under a variety of brand names, including Vicks and Braun under license from The Procter & Gamble Co., Honeywell under license from Honeywell, and Stinger, Softheat and Kaz, owned by Kaz, Inc.
Product categories include vaporizers, humidifiers, digital, infrared and non-invasive thermometers, blood pressure monitors, hot/cold health care therapy, air purifiers, seasonal humidifiers, heaters, fans, and dehumidifiers, and lawn and garden products.
Sales for the next twelve months ending December 31, 2011 are expected to exceed $400 million. The acquisition is expected to be accretive to Helen of Troy’s earnings per share in fiscal year 2012 ending February 29, 2012.
“We are very pleased to announce the closing of the acquisition and welcome the management and employees of Kaz to Helen of Troy,” said Gerald Rubin, Helen of Troy chairman, president and CEO. “Through the addition of Kaz, Helen of Troy will continue to pursue our goal of being a world class organization dedicated to serving our consumers in meeting their everyday needs. These are exciting times for Helen of Troy, and we look forward to building on our traditions of success for many years to come.”