Ralston Purina To Spin Off Eveready Battery Co.

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The Ralston Purina Co. of St. Louis, Mo., has announced plans to spin off its Eveready Battery Co. The spin-off is expected to be completed within seven to 10 months.

Eveready, known for its pink Energizer bunny, had worldwide sales of $2.1 billion in fiscal 1998.

"This is a positive step in the evolution of Eveready Battery Co.," said J. Patrick Mulcahy, who is resigning immediately as co-CEO and co-president of Ralston Purina to focus on Eveready's battery products business.

W. Patrick McGinnis, also co-CEO and co-president, has been elected CEO and president of Ralston.

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