Energizer Holdings Inc.'s $1.25 billion acquisition of Spectrum Brands Holdings Inc.'s auto care business has obtained all the antitrust clearance necessary for its completion.

With the recent greenlights from the Federal Trade Commission and the Polish Competition Authority, the companies have obtained antitrust clearance in all markets where required.

The deal is expected to close by February 2019, subject to customary closing conditions, according to a Dec. 21 news release.

Spectrum Brands' global auto care business includes Armor All, STP and A/C Pro brands. The transaction involves $938 million in cash and $312 million in stock to Spectrum Brands.

Energizer Holdings CEO Alan Hoskins said the acquisition will transform the company's existing auto care business and position Energizer as the clear market leader in the auto appearance and refrigerant segments.

"We are pleased to achieve this milestone moving us closer to completing our auto care transaction with Energizer. Closing this transaction will permit us to both reduce our indebtedness and increase our focus on our remaining business units," said David Maura, executive chairman and CEO of Spectrum Brands.

Barclays, Citi and JP Morgan will provide up to $1.1 billion in credit facilities to finance the transaction.

Evercore acted as financial adviser to Energizer while Bryan Cave Leighton Paisner LLP acted as legal counsel.

Energizer also recently obtained conditional approval from the European Commission for its proposed acquisition of Spectrum Brand's battery and lighting business unit.

The deal is hinged on the divestiture of Spectrum Brands' Varta consumer battery business in the Europe, Middle East and Africa region. The divestment also includes Varta's manufacturing and distribution facilities in Germany.