Helen of Troy Completes Kaz Acquisition
January 3, 2011,
EL PASO, Texas-Helen of Troy has closed its $260 million purchase of Kaz, thus marking the personal-care products giant's entry into the health-care and home-environment sectors.
The deal moves Kaz's lineup of vaporizers, humidifiers, thermometers, blood-pressure monitors, hot/cold health-care therapy products, air purifiers, heaters, fans, dehumidifiers and lawn-and-garden products under the Helen of Troy umbrella. Sales of Kaz's products are expected to reach $400 million for the 2011 calendar year, according to a statement from Helen of Troy.