Audiovox Buys Licensee of Energizer
The bunny is under new management.
Technuity, Inc., the exclusive licensee of the Energizer brand of batteries, was acquired Thursday by Audiovox Corp. for a purchase price of $16.5 million, plus $4 million in debt obligations. The deal was undertaken through subsidiary Audiovox Accessories Corp., Audiovox announced.
Audiovox CEO Patrick Lavelle, in announcing the acquisition, called it a move to “further strengthen our accessories product lines and core offerings to our customers.” The Eveready brand of batteries is also under the Technuity umbrella. The move comes just two weeks after Audiovox purchased the RCA brand’s A/V division from Thomson for $19.7 million.