Clarke Inc. Completes Acquisition of Leading Canadian Home & Garden Business



    TSX:  CKI, CKI.DB; CKI.DB.A

    HALIFAX, Nov. 1 /CNW/ - Clarke Inc. ("Clarke") announced today that a
company formed by Clarke and RoyCap Merchant Banking Group ("Roycap") has
completed the previously announced purchase of the Canadian division of
Spectrum Brands, Inc.'s Home & Garden business. The business, which previously
operated under the name Nu-Gro, will operate under the name Sure-Gro. Sure-Gro
is a leading supplier in the Canadian Home & Garden industry, with annual
sales of approximately $100 million across a broad range of product
categories, including fertilizer, grass seed, controls and ice melt, under
brand names such as CIL, Wilson and Alaskan Ice Melter.

    Spectrum Brands

    Spectrum Brands is a global consumer products company and a leading
supplier of batteries, lawn and garden care products, specialty pet supplies,
shaving and grooming products, household insect control products, personal
care products and portable lighting. Spectrum Brands' products are sold by the
world's top 25 retailers and are available in more than one million stores in
more than 120 countries around the world. Headquartered in Atlanta, Georgia,
Spectrum Brands generated FY2006 revenue of $2.5 billion. The company's stock
trades on the New York Stock Exchange under the symbol SPC.

    About Roycap

    RoyCap Merchant Banking Group is a division of Royal Capital Management
Corp., a private Toronto based investment company. RoyCap specializes in
returning companies to sustainable, long-term profitability with by making
value added investments and combining hands-on restructuring expertise with a
strong, committed management team to successfully rebuild investee companies
and return them to profitable growth.

    About Clarke

    Clarke Inc. is the Halifax-based parent company of a number of
wholly-owned operating companies and divisions, and is an activist catalyst
investor with a diversified portfolio of strategic and opportunistic
investments. Clarke's operating companies are in the transportation services
business. From time to time, Clarke also participates in joint ventures when
they offer the opportunity to create shareholder value. Led by George Armoyan
and an entrepreneurial team of professionals focused on uncovering and
creating value, Clarke invests in undervalued businesses and participates
actively where necessary to enhance performance and increase returns. In 2006
alone, Clarke delivered a shareholder return on investment, including
dividends, of 33%. Clarke's securities trade on the Toronto Stock Exchange
(CKI, CKI.DB, CKI.DB.A); for more information about Clarke, please visit our
website at www.clarkeinc.com.
    %SEDAR: 00009934E




For further information:

For further information: Rob Normandeau, Chief Operating Officer, Clarke
Inc., (902) 442-3420


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