Remington is a worldwide personal care corporation which manufactures razors (shavers), epilators, and haircare products for both men and women.
The origin of Remington personal care products dates back to 1937 when Remington Rand began to branch out to electric shavers, starting with the Remington Model E.
In 1950, Remington Rand bought the pioneering Eckert-Mauchly Computer Company. In 1955, it merged with Sperry Corporation, developer of the automatic pilot, amongst other devices. The combined company became the Sperry Rand Corporation and continued to market shavers under the Remington brand. In 1979, Sperry Rand sold off a number of its divisions, including the consumer products. Victor Kiam bought the electric shaver company in a leveraged buyout.
Victor Kiam’s Remington Products Company became very profitable, branching out into other personal care small appliances, buying Clairol’s personal care appliance business in 1994. Kiam sold controlling interest in Remington to Ike Perlmutter prior to the Clairol acquisition that same year. Remington changed hands again on June 1996 when Perlmutter and Kiam sold controlling interest in the company to Vestar Capital Partners. Victor Kiam died in 2001. In 2003, the Kiam family and Vestar sold Remington to the battery company Rayovac. Rayovac changed its name to Spectrum Brands and markets Remington brand men’s and women’s electric shavers, hair clippers, beard and moustache trimmers, nose and ear hair trimmers, foot massagers, make-up mirrors, heated hair rollers, blow dryers, and curling irons. Remington also sells flat irons.