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    Marineland’s Parent, Spectrum Brands, Stalked by Falcone’s Harbinger Capital

    In February of last year we reported that Spectrum Brands, the parent company of aquarium stalwarts Tetra and Marineland, had filed for Chapter 11 Bankruptcy in order to restructure over 2.5 billion in debt. Since emerging from bankruptcy, Spectrum has rebounded and is back trading on the NYSE (SPB). It has recently been seen as [...]

    April 8, 2010
    | eric michael | misc | Tags: | Add a Comment

    SeaScope Newsletter Archive Available Online

    Starting in 1983, Aquarium Systems announced its quarterly free publication–SeaScope. As its distribution spread across the US, SeaScope established itself as a pioneer in marine aquaria related literature. Now Aquarium Systems is no more, as Spectrum Brands picked up the Instant Ocean line along with Marineland, Tetra, Perfecto and more… only to then file for [...]

    June 3, 2009
    | eric michael | reef news | Tags: , | 1 Comment

    Parent Company of Tetra and Marineland Files for Bankruptcy

    More bad news that effects the industry. Spectrum Brands, the consumer product company that makes Tetra, Marineland and even Rayovac batteries filed for Chapter 11 Bankruptcy on Tuesday as it was unable to make the $25 million interest payment on its debt.  This volunteer Chapter 11 filing  comes as no surprise. Spectrum ended last year [...]

    February 4, 2009
    | eric michael | reef news | Tags: , , , , | 8 Comments