MADISON, WI (WTAQ-WRN) — A merger affecting hundreds of Wisconsin workers is being called into scrutiny.
U.S. Senator Tammy Baldwin said she’s asking the Federal Trade Commission to do a retrospective analysis of a 2018 merger between Energizer and Spectrum Brands.
Baldwin said the amalgamation of the companies resulted in Energizer controlling around 40% of the United States’ battery market, 60% of the world hearing aid battery market, and 85% of the total battery market.
Baldwin believes that domination of the battery market has led to higher prices. The company plans to close plants in Fennimore and Portage.
