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Conair

OVERALL

Owned
USA
Rating
Criticism, some praise

Consumer goods

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.

Company Ownership

Conair Corporation   USA     website      facebook   twitter
  American Securities LLC   
   owns 80% of Conair Corporation  
USA     website         

Private equity firm

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Conair Corporation
Social $5.4m hair dryer settlement
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
Social Antitrust fine
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)
Business Ethics OpenSecrets.org profile
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)

> About the Icons

Company Details

Type Private company
Founded 1959
Revenue 2.1 billion USD (2016)
Employees 3,571 (2016)

Contact Details

Address Stamford, Connecticut, USA
Website www.conair.com

Products / Brands

Conair
Cuisinart Small Kitchen Appliances


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