Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Spectrum Brands Acquires Majority of Shaser Bioscience
Nov 14, 2012
 Printable format
 Email this Article
 Search

Small appliance maker Spectrum Brands Holdings, Inc. acquired a 56% interest in Shaser Bioscience, Inc., a privately held global technological leader in aesthetic dermatological technology for home use devices. The share was acquired for $50 million in cash.

The transaction gives Spectrum Brands exclusive rights to Shaser Bioscience's technology platforms. The controlling interest in Shaser Bioscience will become part of Spectrum Brands' Remington personal care division.

The two companies have had a commercial partnership since 2008, when they jointly developed and brought to market the Remington i-Light Pro light-based hair removal system. The i-Light Pro was introduced in continental Europe in early 2010 and in the U.S. in 2011, following clearance by the U.S. Food and Drug Administration (FDA). The device is a hair removal system for home use, and uses the same Intense Pulsed Light (IPL) technology used by some dermatologists.

Spectrum Brands is creating a new consumables business within Remington, and will focus on developing a full line of aesthetic dermatology devices and companion products, using Shaser Bioscience technology, to address growing global demand for skin care solutions for conditions such as: signs of aging, acne, blemishes, and spider veins.

Back to Daily News

 

Daily News

...........................................................

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows