Last $12.95 USD
Change Today +0.02 / 0.15%
Volume 375.2K
HRG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

450 Park Avenue

30th Floor

New York, NY 10022

United States

Phone: 212-906-8555

Fax:

Harbinger Group Inc., through its subsidiaries, provides various branded consumer products. The company’s principal holdings include the following assets: Spectrum Brands Holdings, Inc. (Spectrum Brands), a subsidiary that provides global branded consumer products; Fidelity & Guaranty Life (FGL), a subsidiary that provides life insurance and annuity products; FS Holdco Ltd. (Front Street), a subsidiary engaged in the business of providing long-term reinsurance, including reinsurance to the specialty insurance sector of fixed, deferred and payout annuities; Salus Capital Partners, LLC (Salus), a subsidiary, engaged primarily in the business of providing secured asset-based loans across various industries; and HGI Energy Holdings, LLC (HGI Energy), a subsidiary, which holds its interests in the EXCO/HGI JV, a joint venture engaged in owning and operating producing conventional oil and gas assets. The company also owns 97.9% of Zap.Com Corporation (Zap.Com), a public shell company that may seek assets or businesses to acquire or may sell assets and/or liquidate. Strategy The company intends to acquire companies that it considers to be undervalued or fairly valued with attractive financial or strategic characteristics. The company intends to take a long-term view and primarily seek opportunities that are able to generate high returns and significant cash flow to maximize long-term value for its stockholders. The company may also seek businesses that are in need of a financial restructuring or operational turnaround. In addition to its intention to acquire controlling equity interests, the company may also make investments in debt instruments and acquire minority equity interests in companies. Subsidiaries Spectrum Brands Spectrum Brands is a diversified global branded consumer products company and was created in connection with the combination of Spectrum Brands, Inc., a global branded consumer products company and Russell Hobbs, a global branded small appliance company, to form a new combined company. Spectrum Brands manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellents and specialty pet supplies. Spectrum Brands also designs and markets rechargeable batteries, battery-powered lighting products, electric shavers and accessories, grooming products and hair care appliances. Spectrum Brands also designs, markets and distributes a range of branded small household appliances and personal care products. Spectrum Brands’ manufacturing and product development facilities are located in the United States, Europe, Latin America and Asia. Substantially all of Spectrum Brands’ rechargeable batteries, chargers and portable lighting products, shaving and grooming products, small household appliances, personal care products are manufactured by third-party suppliers, primarily located in Asia. With the addition of the HHI (hardware and home improvement) Business, Spectrum Brands designs, manufactures, markets, distributes and sells certain hardware, home improvement and plumbing products; and provides residential locksets, and builders' hardware and faucets. The HHI Business has a portfolio of brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies, such as Smartkey, a rekeyable lockset technology, and Smart Code Home Connect. HHI Business customers include retailers, non-retailers and homebuilders. The HHI Business has sales offices, manufacturing facilities and distribution centers in the U.S., Canada, Mexico and Asia. Spectrum Brands sells products in approximately 140 countries through various trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors and original equipment manufacturers (OEMs). Its offers products under the Rayovac, VARTA, Remington, Tetra, 8-in-1, Dingo, Nature’s Miracle, Spectracide, Cutter, Hot Shot, Black & Decker, George Foreman, Russell Hobbs, Farberware, Black Flag, and FURminator brands. Spectrum Brands’ diversified global branded consumer products have positions in seven product categories:

 

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