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Spectrum Brands Acquires Interest in Shaser, Inc.
- Client News
- November 8, 2012
Paul, Weiss advised Spectrum Brands, Inc. in its acquisition of a majority interest in Shaser, Inc. (d/b/a Shaser BioScience), a global technological leader in developing FDA-cleared, energy-based aesthetic dermatology devices for home use. Remington Products, a personal care division of Spectrum Brands Holdings, has been a commercial partner with Shaser for manufacturing Remington i-LIGHT Pro, an FDA-cleared, over-the-counter light-based hair removal device. Terms of the transaction were not disclosed.
The Paul, Weiss team advising Spectrum included corporate partners Neil Goldman and Jeffrey Marell; employee benefits counsel Reuven Falik; environmental counsel William O'Brien; intellectual property partner Charles Googe; real estate partner Peter Fisch; and tax partner Richard Bronstein.