According to foreign media reports, the world's leading manufacturers of consumer products Spectrum Brands on June 16 announced the completion of well-known British manufacturer Russell Hobbs small appliances combined. It is understood that the details of this merger is in accordance with the parties on February 9 this year, the agreement carried out. Spectrum Brands CEO, David Lumley (Dave Lumley), said the combined company Spectrum Brands will Russell Hobbs small appliances series of well-known brands such as Black & Decker, George Foreman, Littermaid, Toastmaster, etc. into its.

The two companies combined development prospects, David Lumley, said the merger will cut 2500 to 3000 million in expenses; In addition, Spectrum Brands in 2010 fiscal year sales amount is expected to more than 3 billion U.S. dollars, profit amount is expected to reach 4.3 ~ 4.4 million.