Energizer Holdings, Inc. Announces Closure Of Montreal Facility
ST. LOUIS, July 8, 2014 /CNW/ - Energizer Holdings, Inc., [NYSE: ENR], announced today that it will close its feminine care facility in Montreal, Quebec by early 2017. This is a part of Energizer's previously announced restructuring program, and costs and savings from the closure are included in the estimated $350 million in total restructuring costs and $300 million in total gross restructuring savings.
"This was a difficult but necessary decision to maintain the company's position in this highly competitive business," said David Hatfield, President and Chief Operating Officer, Energizer Personal Care. "This decision is being announced now to maximize planning and transition time for all colleagues and the community. We will support our colleagues through this transition, and will work with local officials to ensure that support and resources to help colleagues re-enter the labor market are made available."
Feminine Care production at the Montreal facility will be consolidated into the company's Delaware facility; thereby maximizing cost and efficiencies. Consolidation will happen in phases from the summer of 2015 through early 2017. The Montreal facility currently employs 430 colleagues (workers).
Energizer Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer goods company operating globally in the broad categories of personal care and household products. Energizer's Personal Care Division offers a diversified range of consumer products in the wet shave, skin care, feminine care and infant care categories. Our portfolio includes well established brand names such as Schick® and Wilkinson Sword® men's and women's shaving systems and disposables; Edge® and Skintimate® shave preparations; Playtex® Carefree and Stayfree feminine care products; Playtex gloves and infant feeding products; Banana Boat® and Hawaiian Tropic® sun care products and Wet Ones® moist wipes. Energizer's Household Products Division offers consumers the broadest range of portable power solutions, anchored by our universally recognized Energizer® and Eveready® brands.
SOURCE Energizer Holdings, Inc.For further information:
Investor Relations, Jacqueline E. Burwitz, 314-985-2169, JacquelineE.Burwitz@energizer.com; Media Relations, In Montreal, Lyla Radmanovich, Phone: 514-843-2336, firstname.lastname@example.org; Media Relations, In St. Louis, Chelsey Watts, Phone: 314-982-7705, Mobile: 314-330-3104, email@example.com