Personal care appliance maker Helen of Troy Limited announced that it has completed the acquisition of OXO International from WKI Holding Company, Inc. for U.S. $273 million in cash. Financing for the transaction was provided by affiliates of Banc of America Securities LLC.
Based in New York City, NY, U.S., OXO International offers approximately 500 consumer product tools in several categories, including kitchen, cleaning, barbeque, barware, garden, automotive, storage, and organization.
"We are pleased to announce the closing of the OXO International asset purchase transaction, and welcome the management and employees of OXO to Helen of Troy," Gerald J. Rubin, chairman, CEO, and president of Helen of Troy, said in a statement. "We look forward to our combined organizations working together to continue our growth and success."
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