American Securities
Private equity firm

Overall

Owned USA
Rating D
About the Ratings
American Securities LLC
USA

Company Assessment

American Securities LLC
Criticism
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.
Information
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.

Company Details

Founded:
1994
Subsidiaries:
Conair Corporation (80% owned)
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.
Conair Australia Pty Ltd
Personal care appliances
Developer and marketer of personal care electrical appliances.

Contact Details

Address:
New York, New York, USA
Website:
www.american-securities.com

Products / Brands

Conair (80% owned)