Spectrum Brands Finalizes Divestiture of Fertilizer Technology and Canadian Professional Products Business

January 27, 2006

ATLANTA--(BUSINESS WIRE)--Jan. 26, 2006--Spectrum Brands (NYSE: SPC) today announced that it has completed the sale of its fertilizer technology and Canadian professional products business to Agrium, Inc., in line with Spectrum Brands' strategy to focus exclusively on consumer products. Net proceeds from the sale of approximately $83 million will be utilized to reduce Spectrum Brands' outstanding debt balance.

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