Specialists in hair care appliances, they also sell small appliances. Owned by the founding Rizzuto family until 2021 when US private equity firm American Securities acquired a majority stake.
| American Securities LLC
owns 80% of Conair Corporation
In 2017 Conair agreed to a settlement estimated to be worth up to $5.4 million to resolve class action litigation concerning hair dryers that caught fire.
Source: Law360 (2017)
|American Securities LLC|
In 2019, this company agreed to pay US$13 million to settle antitrust claims against it as part of the 'In re Liquid Aluminum Sulfate Antitrust Litigation' class action. The claims related to allegations of fixing prices for liquid aluminum sulfate (Alum), a water treatment chemical. This company did not itself make or sell Alum, but between 2009 and 2014 it owned General Chemical, which allegedly participated in an Alum price-fixing conspiracy with other chemical suppliers. The plaintiffs in the litigation based their claims on this private equity firm's allegedly active management of its portfolio company's bidding process alleging that American Securities required General Chemical to obtain its approval for bids over a threshold amount.
Source: Winston & Strawn LLP (2019)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020)
|Revenue||2.1 billion USD (2016)|
|Address||Stamford, Connecticut, USA|
Products / BrandsConair
Cuisinart Small Kitchen Appliances