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Energizer to separate into two companies
ST. LOUIS — Energizer Holdings on Wednesday announced that it's pursuing a plan to divide the company's household products and personal care divisions into two independent, publicly traded companies.
Household products (batteries and portable lighting products) is expected to produce strong margins and significant cash flows and will be secured by the well-known Energizer and Eveready brands. This division reported annual revenue of $1.9 billion in the 12-month period ending March 31, 2014.