Energizer to split into two companies

Energizer batteries keep going and going and going – right out the door of its parent company.

The St. Louis-based company announced Wednesday it would split Energizer Holdings Inc. (NYSE: ENR) into two publicly traded companies. One would focus on batteries and household items, the other on personal care products, such as Schick razors and Hawaiian Tropic sun tan lotion.

The St. Louis Post-Dispatch reports the split would be structured as a tax-free spinoff to existing Energizer shareholders. The household company will sell Energizer and Eveready batteries, which counted for $1.9 billion in revenue in the year. The personal care company's other brands will include Edge shaving cream and Playtex feminine-care products. It recorded $2.6 billion in revenue last year.

The split is expected to happen in the second half of fiscal 2015. Energizer did not reveal the names of the new companies.


Read more from the St. Louis Post-Dispatch.