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
American Securities LLC
owns 80% of Conair Corporation
USA
Private equity firm
Company Assessment
(Last updated Jan 2020)
Praise
Criticism
Information
Conair Corporation
Praise
Information
Criticism
$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)
Workers rights in China
This 2016 investigative report by China Labour Watch reveals labor abuses in five Chinese cookware factories. One or more of these factories supply this company. Labor abuses include low wages, excessive overtime,, dangerous work environments and humiliating living conditions. [Listed under Information due to age of report]
Source: China Labor Watch
(2016)
American Securities LLC
Praise
Information
Criticism
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)
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)
Company Details
Type:
Private company
Founded:
1959
Revenue:
2.1 billion USD
(2016)
Employees:
3,571
(2016)
Subsidiaries:
Conair Australia Pty Ltd
Personal care appliances
Developer and marketer of personal care electrical appliances.
Contact Details
Products / Brands
Conair
Cuisinart
Small Kitchen Appliances