ENERGIZER HOLDINGS, INC. Completes Acquisition of Advanced Power Solutions NV

Rhea-AI Summary

Energizer Holdings (NYSE: ENR) has completed its acquisition of Advanced Power Solutions NV (APS), a leading manufacturer of Panasonic-branded AA and AAA batteries in Europe. The acquisition includes a manufacturing facility in Gniezno, Poland, and strengthens Energizer's presence in key European markets including Germany, UK, Poland, and Spain.

According to Robin Vauth, Executive VP International at Energizer, this strategic move enhances their European manufacturing capabilities and customer service potential. However, the company expects the acquisition to be slightly dilutive to fiscal 2025 gross margin while remaining neutral to fiscal 2025 earnings per share.

Positive

• Expansion of European market presence through acquisition of established battery manufacturer
• Addition of strategic manufacturing facility in Poland enhancing production capabilities
• Access to large customer base in key European markets (Germany, UK, Poland, Spain)
• Neutral impact on fiscal 2025 earnings per share

Negative

• Expected modest dilution to fiscal 2025 gross margin

ST. LOUIS, May 2, 2025 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) announced today it has completed the previously disclosed acquisition of Advanced Power Solutions NV ("APS").

APS is a leading manufacturer and marketer of AA and AAA Panasonic-branded batteries, which serves a large customer base in key European markets including Germany, UK, Poland and Spain. The acquisition includes a manufacturing facility in Gniezno, Poland. 

"The acquisition further expands our presence in the region and complements our existing battery network. By adding significant scale and manufacturing optionality to our European business, we will be able to better serve customers and consumers while effectively navigating the rapidly changing macro-environment," said Robin Vauth, Executive Vice President, International at Energizer. 

The acquisition is expected to be modestly dilutive to the company's fiscal 2025 gross margin and neutral to fiscal 2025 earnings per share.

About Energizer:
Energizer Holdings ("Energizer," NYSE: ENR), headquartered in St. Louis, is one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care appearance, performance, refrigerant, and fragrance products. Our portfolio of globally recognized brands include Energizer, Armor All, Eveready, Rayovac, STP, Varta, A/C Pro, Refresh Your Car!, California Scents, Driven, Bahama & Co., LEXOL, Eagle One, Nu Finish, Scratch Doctor, and Tuff Stuff. As a global branded consumer products company, Energizer's mission is to be the leader in our categories by better serving consumers and customers. Visit www.energizerholdings.com for more details.

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SOURCE Energizer Holdings, Inc.

FAQ

What company did Energizer Holdings (ENR) acquire in May 2025?

Energizer Holdings acquired Advanced Power Solutions NV (APS), a leading manufacturer of Panasonic-branded AA and AAA batteries in Europe.

How will the APS acquisition affect Energizer's (ENR) 2025 financial performance?

The acquisition is expected to be modestly dilutive to Energizer's fiscal 2025 gross margin but neutral to fiscal 2025 earnings per share.

What markets does Advanced Power Solutions serve in Europe?

APS serves key European markets including Germany, UK, Poland, and Spain.

What assets are included in Energizer's acquisition of Advanced Power Solutions?

The acquisition includes a manufacturing facility in Gniezno, Poland, and APS's Panasonic-branded battery manufacturing and marketing operations.

What is the strategic importance of Energizer's APS acquisition?

The acquisition expands Energizer's European presence, adds manufacturing capabilities, and enhances their ability to serve customers while navigating macro-environment changes.