“We reported record sales and earnings per share in fiscal 2004 and are on track to achieve our previously stated growth outlook for 2005 and multi-year financial targets through 2006,” Robert P. Bozzone, chairman of Water Pik Technologies, said in a statement. “While we are pleased with the prospects for future growth, after completing an internal comprehensive strategic review of our businesses, the board has determined it is appropriate to consider alternatives to maximize value to all stockholders.”

J.P. Morgan Securities has been retained to assist the company in this evaluation.