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Ralston Purina Company to Sell Energizer Power Systems OEM to Moltech

Ralston Purina Company (St. Louis, MO) recently announced it has signed a definitive agreement to sell its Energizer Power Systems OEM (Gainesville, FL) rechargeable battery business to Moltech Corp. (Tucson, AZ). Ralston's Eveready Battery Company subsidiary will retain a small minority interest in the combined business. When the acquisition has been completed, the Energizer Power Systems group will be known as Moltech Power Systems. Closing is expected to occur by the end of October.

Moltech has focused principally on developing and commercializing what the company claims is a revolutionary new chemistry and cell design for a new class of rechargeable batteries. Energizer Power Systems manufactures and assembles rechargeable battery packs for inclusion by manufacturers in a variety of battery-powered devices and tools. The OEM rechargeable business employs approximately 2,100 worldwide.

"Moltech and EPS are very complementary with Moltech's expertise in research and development and EPS's strength in production, marketing and sales," stated Dr. Terje Skotheim, chairman and CEO of Moltech. "Together they will be a formidable competitor in the global rechargeable battery industry."

Ralston Purina Co. , Energizer Power Systems OEM , Moltech Corp.
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