Energizer completes sale of European battery business

ST. LOUIS — Energizer Holdings has finalized the sale of its European consumer battery division to Germany’s Varta AG. The companies reportedly reached a $401 million deal in May after Energizer’s January acquisition of Spectrum Brands’ battery business. In order to allay European Commission concerns about competition in the battery and portable lighting market, Energizer had pledged to divest Spectrum’s Varta-branded line in the region.