Helen of Troy announces definitive agreement to acquire Kaz
EL PASO, Texas — Helen of Troy on Thursday announced that it has entered into a definitive merger agreement to acquire the business of Kaz for $260 million in cash, subject to certain closing working capital and other adjustments. The acquisition is expected to close by Dec. 31.
Kaz markets a wide range of products cutting across healthcare to lawn and garden products. The company manages the Vicks and Braun brand names under license from Procter & Gamble, Honeywell under license from Honeywell and its own brands: Stinger, Softheat and Kaz. Kaz sales for the ensuing 12 months ending Dec. 31, 2011, are expected to exceed $400 million, Helen of Troy stated.
Julien Mininberg, Kaz CEO, and his management team will be joining the Helen of Troy team, Helen of Troy announced.
Helen of Troy intends to finance the acquisition through its existing working capital and through debt financing, which has been committed by Bank of America.
Registered dietitians most likely to practice what they preach
NEW YORK — Registered dietitians are the most likely to practice what they preach in eating a balanced diet, taking vitamins or other dietary supplements, exercising regularly and engaging in other wellness behaviors as compared with seven other healthcare professional populations, according to the “Life…supplemented” "Healthcare Professionals Impact Studies" released earlier this week by the Council for Responsible Nutrition.
The 2009 study found that 96% of registered dietitians attempted to eat a balanced diet, 96% reported using dietary supplements at least seasonally — 74% said they take them regularly — and as many as 83% testified they exercised regularly, with 80% claiming they maintain a healthy weight.
The research studies, conducted in 2007, 2008 and 2009, are part of the "Life…supplemented" consumer wellness campaign, which is dedicated to helping Americans live a healthy lifestyle by engaging in the three pillars of health: a healthy diet, supplements and exercise.
Nice-Pak plant achieves zero waste to landfill distinction
ORANGEBURG, N.Y. — Nice-Pak Products recently announced the transformation of its Mooresville, Ind., manufacturing plant into a “zero waste to landfill” facility — the plant now converts excess waste into energy that produces steam heat for Indianapolis.
"Our products touch consumers more than 100 billion times a year,” stated Robert Julius, Nice-Pak chairman and CEO. “We have an opportunity to make a significant difference through environmentally responsible actions, including helping educate families and communities about the important role they have in protecting our environment.”
Nice-Pak Products has partnered with a cutting-edge waste-to-energy facility that supplies steam to Indianapolis. The facility can process more than 2,000 tons per day of solid waste to produce no less than 4,500 lbs. of steam per ton of waste. The steam is used to power the Indianapolis downtown heating loop, which includes businesses, Indiana University and Purdue University’s Indianapolis campus.
Additionally, to protect the environment, the waste-to-energy facility uses state-of-the-art air pollution control equipment and continuously monitors emissions. Prior to the transformation, the plant had been sending 4,200 tons of waste per year to landfills.
Mooresville is the second Nice-Pak manufacturing facility this year to convert its nonrecyclable waste stream into energy generation. In July, Nice-Pak Products announced that its Green Bay, Wis., plant had begun converting waste into biomass pellets that are used as fuel for electricity. Likewise, a third Nice-Pak U.S. manufacturing plant in Orangeburg, N.Y., is close to becoming landfill-free.