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                                                                  EXHIBIT 10.15

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     This Amended And Restated Employment Agreement ("Agreement") is entered
into as of the 1st day of January, 2002 ("Effective Date") between United
Industries Corporation, a Delaware corporation ("UIC" or Company") and Robert L.
Caulk ("Executive").

     WHEREAS, Executive and UIC are parties to an Employment Letter Agreement
dated October 25, 1999, as amended by Amendment dated May 31, 2001 and as
further amended by Amendment dated July 20, 2001; and

     WHEREAS, UIC and Executive desire to amend and restate the terms and
conditions of Executive's employment with UIC from and after the Effective Date.

     NOW THEREFORE, Executive and UIC, in exchange for good and valuable
consideration, the receipt and sufficiency of which are hereby mutually
acknowledged, and intending to be legally bound, hereby agree as follows;

1.   POSITION:  Executive shall be the Chairman of the Board, Chief Executive
Officer and President of UIC. Executive shall also be a member of the UIC Board
of Directors ("Board").

2.   REPORTING STRUCTURE:  Executive shall report to UIC's Board.

3.   BASE SALARY:  Executive's Base Salary will be at the annualized rate of
$500,000:00, payable in equal monthly increments. Subsequent increases in base
salary shall be as determined by the Compensation Committee of the Board.

4.   INCENTIVE COMPENSATION: Executive shall be a participant in an incentive
compensation plan, with payment based on UIC's attainment of certain financial
and operational targets. Executive shall be eligible to receive an incentive
bonus of (a) thirty percent (30%) of Base Salary if UIC achieves at least 90% of
Target EBITDA, (b) sixty percent (60%) of Base Salary if UIC achieves at least
100% of Target EBITDA, or (c) 100% of Base Salary if UIC achieves 110% of Target
EBITDA. If UIC achieves between 90% and 100% Target EBITDA, Executive's
Incentive Compensation will increase by an amount equal to the product of (A)
Base Salary multiplied by (B) 3% multiplied by (C) the number of percentage
points by which the Company's actual EBITDA for the year in question exceeds 90%
of the Target EBITDA for such a year up to a maximum of 100% of Target EBITDA.
If UIC achieves between 100% and 110% Target EBITDA, Executive's Incentive
Compensation will increase by an amount equal to the product of (A) Base Salary
multiplied by (B) 4% multiplied by (C) the number of percentage points by which
the Company's actual EBITDA for the year in question exceeds 100% of the Target
EBITDA for such a year up to a maximum of 110% of Target EBITDA. As used herein
"Target EBITDA" is defined as the EBITDA specified in UIC's Annual Operating
Plan as approved by the Board on an annual basis and as may be adjusted by the
Board in its reasonable discretion to account for acquisitions and dispositions.

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5.   CHANGE OF CONTROL:

     (a)  STOCK OPTIONS. In the event there is a Sale of UIC (as defined in
     Section 4.1(b)(iii)(w-z) of the UIC Stock Option Agreement), vesting of
     options will be accelerated as provided in the UIC Stock Option Agreement.

     (b)  SEVERANCE IF SALE OF UIC. During the term of this Agreement, if a Sale
     of UIC shall occur, as the term Sale is defined in Section 4.1(b)(iii)(w-z)
     in the UIC Stock Option Agreement, and if Executive's employment with UIC
     is terminated by UIC for any reason other than for Cause during the period
     beginning three (3) months prior to and ending twenty-four (24) month
     period following such Sale, then in lieu of the severance provisions set
     forth in Section 6 of this Agreement, UIC will pay Executive:

          (i) base salary accrued through Executive's date of termination;

          (ii) accrued incentive compensation determined in accordance with
          UIC's incentive compensation plan in effect on the Sale date, on a
          pro-rata basis for the fiscal year in which the Sale occurs, and

          (iii) as severance compensation UIC shall continue to pay to
          Executive, on a monthly basis, the sum of (i) Executive's Base Salary
          as set forth in Section 3 hereof in effect at the time of his
          termination divided by twelve (12) plus (ii) Incentive Compensation
          calculated at the rate of sixty percent (60%) of his Base Salary in
          effect at the time of his termination divided by twelve (12), less
          withholding as required by law, for twenty-four (24) months, beginning
          on the last day of the month following the month in which Executive's
          employment terminates, provided that:

               (1) prior to UIC's commencing such payments, Executive signs a
               mutual general release of UIC in substantially the form attached
               hereto as EXHIBIT A, and

               (2) any provision of Executive's current Noncompetition and
               Nonsolicitation covenants (as set forth in Item 9 Exhibit to the
               Agreement) to the contrary notwithstanding, Executive agrees that
               he shall continuously abide by such covenants for twenty-four
               (24) months from the date his employment terminates by reason of
               such Sale.

          UIC shall calculate the aggregate amount of the foregoing monthly
          payments required to be made to Executive and shall place such sum,
          without discount, in a reasonable and customary escrow account to
          secure UIC's payment of the foregoing monthly payment obligation to
          Executive under this Agreement. The Escrow Agent shall make the
          monthly payments to Executive required hereunder to Executive from
          such escrow. Executive shall also receive continuation of fully paid
          (i) health insurance coverage for Executive and his family members,
          (ii) Disability Insurance, and (iii) Life Insurance at the level in
          effect upon

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          termination of Executive for a period of the greater of two (2) years
          or the remaining term of this Agreement.

     (c)  If, as a result of the vesting of options pursuant to Section 5(a) of
     this Agreement, or any other payment pursuant to this Agreement or any
     other agreement with UIC or its affiliates, it is determined that any
     payment, distribution, acceleration or benefit received or to be received
     by Executive from UIC pursuant to this Agreement or any option plan or
     other plan maintained by UIC or its Affiliates ("Payments") would be
     subject to the excise tax imposed Section 4999 of the Internal Revenue Code
     of 1986, as amended (the "Code") (such tax referred to as the "Excise
     Tax"), then Executive shall be entitled to receive an additional payment
     from UIC (the "Excise Tax Gross-up Payment"), in an amount such that the
     net amount retained by Executive, after the calculation and deduction of
     any Excise Tax on the Payments (together with any penalties or interest,
     that have been or will be imposed on Executive in Connection therewith) and
     any federal, state and local income taxes, Excise Taxes and payroll taxes
     (including the tax imposed by Section 3101(b) of the Code) on the Excise
     Tax Gross-up Payment provided for in this Section 5 shall be equal to the
     Payments. In computing the amount of this payment, it shall be assumed that
     the Executive is subject to tax by each taxing jurisdiction and at the
     highest marginal tax rate in the respective taxing jurisdiction of
     Executive, taking into account the city and state in which Executive
     resides, but giving effect to the tax benefit, if any, which Executive may
     enjoy to the extent that any such taxes deductible in determining the tax
     liability of any other taxing jurisdiction (provided at the highest
     marginal tax rate for federal income tax purposes shall be determined under
     Section 1 of the Code). All determinations required to be made under this
     Section 5, including whether and when an Excise Tax Gross-up Payment is
     required in the amount of such Excise Tax Gross-up Payment and the
     assumptions to be utilized in arriving at such determination shall be made
     by UIC's independent auditors which shall provide details supporting
     calculations both to UIC and Executive within fifteen (15) days after UIC
     makes any Payments to Executive. In the event that the Internal Revenue
     Service, on audit asserts that Executive has made an underpayment of Excise
     Tax and Executive is required (by reason of settlement or otherwise) to
     make a payment of any Excise Tax or if Executive is required to make one or
     more payments of Excise Tax to the IRS (and/or interest on penalties
     therein) on the filing of his original or amended tax returns which exceed
     the amounts taken into account in determining the initial Excise Tax
     Gross-up Payment made pursuant to this Section 5, then in either of such
     events, any such underpayment calculated in accordance with and in the same
     manner as the Excise Tax Gross-up Payment shall be promptly paid by UIC to
     or for the benefit of Executive. In addition, UIC will pay Executive an
     amount equal to any penalties, interest, or additions to be assessed
     against him as a result of the underpayment which amount shall be
     grossed-up for any federal, state, local or Excise Tax payable with respect
     to such penalties, interest or additions to tax such that the Executive
     receives a net amount equal to the penalties, interest, or additions to tax
     assessed against him (determined in the same manner as the other
     calculations described in this Section 5).

6.   SEVERANCE. UIC acknowledges that Executive may terminate his employment at
any time, with or without cause, by notice to UIC to that effect. Executive
agree to continue to

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perform the duties of his employment for such reasonable period as UIC may
request, not exceeding 30 days, after the date of his termination notice to UIC,
during which period UIC shall pay Executive one-twelfth (1/12) of his base
Salary and continue his benefits then in effect.

Executive acknowledge that UIC may terminate his employment at any time, with or
without Cause (as defined in Section 10 of this Agreement), by notice to
Executive to that effect. Executive's entitlement to severance pay shall be as
stated below.

Except as otherwise provided in Section 5(b) with respect to severance arising
from a Sale of UIC, if (a) Executive is terminated by UIC without Cause, or (b)
Executive terminates this Agreement because of Constructive Termination (as
defined in Section 10 of this Agreement), as severance compensation UIC shall
continue to pay to Executive, on a monthly basis, the sum of (i) his Base Salary
as set forth in Section 3 hereof in effect at the time of his termination
divided by twelve (12) plus (ii) the average of Incentive Compensation paid to
or, if not yet paid for the preceding year, owing to Executive for the two (2)
years immediately preceding his termination divided by twelve (12)],less
withholding as required by law, for the greater of twenty-four (24) months or
the remaining term of this Agreement, provided that (1) prior to UIC's
commencing such payments, Executive and UIC sign a mutual general release
substantially the form attached hereto as EXHIBIT A, and (2) any provision of
Executive's current Noncompetition and Nonsolicitation covenants (as set forth
in Section 9 of this Agreement) to the contrary notwithstanding, Executive
agrees that he shall continuously abide by such covenants for the period that
such payments are being made to Executive. In addition, UIC shall pay Executive
incentive compensation earned but unpaid as of the date of termination (prorated
for the period of time during the applicable bonus year that Executive worked
from January 1st to date of termination. Executive shall also receive
continuation of fully paid (i) health insurance coverage for Executive and his
family members, (ii) Disability Insurance, and (iii) Life Insurance at the level
in effect upon termination of Executive for a period of the greater of two (2)
years or the remaining term of this Agreement. Executive shall not receive such
severance payments if Executive is terminated for Cause, as defined in SECTION
10 of this Agreement.

In the event Executive is terminated by UIC without cause, and during the period
of time he is receiving severance benefits hereunder a Sale of UIC shall occur,
as the term Sale is defined in Section 4.1(b)(iii)(w-z) in the UIC Stock Option
Agreement, immediately prior to or upon the closing of the transaction in which
such a Sale shall occur, UIC shall calculate the aggregate amount of the
remainder of the monthly payments required to be made to Executive pursuant to
this Section 6 and shall place such sum, without discount, in a reasonable and
customary escrow account to secure UIC's and/or its successor's payment of the
remainder of such monthly payment obligation to Executive. The Escrow Agent
shall make the remainder of the monthly payments to Executive required under
this Section 6 to Executive from such escrow.

7.   BUSINESS ETHICS

UIC is an "equal opportunity employer", and does not practice and will not
tolerate unlawful discrimination or harassment of employees or applicants for
employment. Should Executive ever encounter such a situation, Executive agrees
to promptly report, in writing, any incident of which he becomes aware, whether
or not directly affecting him, which he reasonably believes

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involves discrimination or harassment of any kind. UIC agrees to fully
investigate or take whatever remedial or disciplinary actions may be
appropriate. Every such written report may be delivered or mailed in a sealed
envelope addressed "Personal and Confidential" to the attention of the General
Counsel of United Industries Corporation.

UIC strives to maintain the highest levels of professional behavior in all
aspects of our business and also to provide a safe and healthful environment in
which to work. Towards this end, UIC may from time to time deem appropriate to
conduct certain tests or examinations. These tests would all be at UIC expense
and by agreeing to submit to these programs, Executive is indicating both his
willingness to participate and his support for these goals. Subject to whatever
legal restrictions or prohibitions may be applicable at the time, if any: (a)
Executive authorizes every person involved in administering or conducting such
tests or examinations to furnish full reports to UIC, and (b) such tests and
examinations may include, but are not limited to polygraph examinations (as
permitted under law), testing or examination to determine the presence of drugs,
alcohol, contagious or non-contagious disease, or physical or mental defect or
impairment, and also testing and examination relevant to aptitude in respect of
employment opportunities, advancement, classification, and reclassification.

8.   INTELLECTUAL PROPERTY

Executive acknowledge that UIC is the sole owner of all inventions, concepts,
processes, methods, ideas, formulae, and techniques conceived or developed by
Executive, alone or with others, during the period of Executive's employment,
whether or not during the usual hours Executive's employment, which may be
applicable to or useful in any business in which UIC or any of its divisions is
engaged at any time during the period of Executive's employment. Executive agree
to cooperate with UIC, both during the period of Executive's employment and
thereafter, in respect of whatever patent, trademark, copyright or other legal
protection UIC desires to obtain. UIC may assign its rights under this Agreement
to any party which acquires all or substantially all of the business or assets
of UIC or any of its divisions.

9.   NONCOMPETITION, NONSOLICITATION, AND CONFIDENTIALITY.

     (a)  NONCOMPETITION: During the period (the "NONCOMPETE PERIOD") beginning
     on Executive's first day of work at UIC and ending on the later of (x) the
     first anniversary of Executive's termination date and (y) if severance
     payments are owed to Executive by UIC pursuant to Section 5 or 6 of this
     Agreement, the length of time between Executive's termination date and the
     last day of the period of time which the severance payments represent (not
     to exceed three years after Executive's termination date), Executive shall
     not, without the prior written consent of UIC (which consent may be granted
     or withheld in UIC's sole discretion) directly or indirectly, participate
     in any line of business in which UIC is actively engaged or any line of
     business competitive with UIC anywhere in the United States and any other
     country in which UIC does business (the "COMPETITIVE ACTIVITIES").

     For purposes of this letter agreement, the term "PARTICIPATE" includes any
     direct or indirect interest in, or providing any direct or indirect
     assistance (whether financial,

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     advisory or otherwise) to any enterprise (or any affiliate thereof),
     whether as an officer, director, employee, partner, member, sole
     proprietor, agent, representative, independent contractor, consultant,
     creditor, stockholder, owner or otherwise; provided that the term
     "Participate" shall not include ownership of less than 2% of the Common
     Stock of a publicly-held corporation whose Common Stock is traded on a
     national securities exchange or in the over-the-counter market.

     (b)  NONSOLICITATION: During the Noncompete Period, Executive (a) shall
     not, directly or indirectly contact approach or solicit for the purpose of
     offering employment to or hiring (whether as an employee, consultant,
     agent, independent contractor or otherwise) or actually hire any person
     known by him to be employed by UIC during the Noncompete Period and (b)
     shall not induce or attempt to induce any customer or other business
     relation of UIC to cease doing business with UIC or to engage in any
     business relationship which might materially harm UIC.

     CONFIDENTIALITY: Executive acknowledge that certain of the information,
     observations and data relating to UIC which Executive may possess or obtain
     as an employee, officer, director or stockholder of UIC is the confidential
     and proprietary property of UIC ("CONFIDENTIAL INFORMATION"). Executive
     agrees that he shall not, except in connection with the performance of his
     duties as an employee and officer and director of UIC hereunder, directly
     or indirectly, use for his own purposes or use for or disclose to any third
     party any of such Confidential Information without the prior written
     consent of UIC (which consent may be granted or withheld in UIC's sole
     discretion), unless and to the extent that the aforementioned matters (i)
     become generally known to an available for use by the public other than as
     a result of Executive's acts or omissions to act, or (ii) Executive is
     required by order of a court of competent jurisdiction (by subpoena or
     similar process) to disclose or discuss any Confidential Information
     (provided that in such case, Executive shall promptly inform UIC of such
     order, shall cooperate with UIC at UIC's expense in attempting to obtain a
     protective order or to otherwise restrict such disclosure, and shall only
     disclose Confidential Information to the minimum extent necessary to comply
     with any such court order).

     The parties hereto acknowledge and agree that UIC will suffer irreparable
     harm from Executive's breach of any of the covenants or agreements
     contained in this Section. In the event of an alleged or threatened breach
     by Executive of any of the provisions of this Section, UIC or its
     successors or assigns may, in addition to all other rights and remedies
     existing in its or their favor, apply to any court of competent
     jurisdiction for specific performance and/or injunctive relief in order to
     enforce or prevent any violations of the provisions hereof. Executive
     acknowledges and agrees that the restrictions contained in this Section are
     reasonable. If, at the time enforcement is sought of any of the provisions
     of this Section, a court holds that the restrictions stated herein are
     unreasonable under the circumstances then existing, the parties agree that
     the maximum period, scope or geographical area reasonable under such
     circumstances shall be substituted for the stated period, scope or area.
     Executive agrees that the covenants made in this Section shall be construed
     as an agreement independent of any other provision of this Agreement and
     shall survive any order of a court of competent jurisdiction terminating
     any other

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     provision of this Agreement, provided that during such period in which the
     covenants of this section shall continue, and Executive continues to abide
     by the obligations imposed upon him hereunder, UIC pays Executive the
     remainder of the severance obligation UIC may have or may have otherwise
     had to him under sections 5 or 6 of this Agreement, unless prior thereto
     Executive shall have breached any of his obligations required of him as a
     condition precedent to the continued right to such payments.

10.  DEFINITIONS OF CAUSE AND CONSTRUCTIVE TERMINATION

     a.   As used herein, "CAUSE" for termination by the Company of Executive's
     employment with the Company means (a) material misappropriation of the
     Company's property, interests or opportunities; (b) violation of reasonable
     directions of the Company to Executive which directions are consistent with
     Executive's duties and responsibilities; (c) willful misconduct which
     causes material damage to the Company or its finances or to its business
     relationships or reputation in the industry or the community; (d) breach or
     nonperformance by Executive of his obligations provided for in this
     Agreement or in any other material agreement between Executive and the
     Company or reasonably implied by his position; (e) the habitual drug
     addiction or habitual intoxication of Executive which negatively impacts
     his job performance or Executive's failure of a Company-required drug test;
     or (f) failure of Executive to reasonably cooperate with an examining
     physician as may be required by any agreement between Executive and the
     Company; PROVIDED, HOWEVER, with respect to items (b), (c) and (d) above,
     "Cause" shall be deemed to have occurred only if and after the Board of
     Directors shall have determined that a breach of any of items (b), (c), or
     (d) shall have occurred, the Board of Directors shall have promptly
     provided Executive with written notice giving reasonable detail of the
     alleged breach and a suggested course of action to cure the alleged breach
     and Executive shall have not cured the alleged breach within 20 days after
     said written notice from the Board of Directors.

     b.   As used herein, "CONSTRUCTIVE TERMINATION" shall mean: (a) Executive's
     rate of salary or bonus shall have been reduced below that set forth in
     Section 3 of this Agreement; (b) Executive shall have suffered a reduction
     in his title, duties or responsibilities, or shall have failed to be
     elected to the Board of Directors, or shall have been removed from the
     Board other than in connection with his Termination for Cause; (c)
     Company's headquarters shall have been moved from its current site to a
     site more than 75 miles from its current site without the express prior
     written consent of Executive; (4) Company shall have breached or failed to
     perform any of its material obligations under this Agreement or under any
     other material agreement between Executive and the Company.

11.  VACATIONS: Executive shall be entitled to four weeks of paid vacation per
year.

12.  OTHER BENEFITS (INCLUDING UIC's EXECUTIVE DEFERRED COMPENSATION PLAN):
Unless otherwise specified in this letter, Executive's benefits will consist of
whatever benefit programs may be in effect from time to time for UIC executives,
subject to eligibility requirements as

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specified in the applicable benefit plans. Benefit programs may be increased,
decreased, changed or discontinued at any time.

Executive shall also receive an auto allowance of One Thousand Dollars
($1,000.00) per month.

On a one time only basis, and during calendar year 2002, Executive shall also
receive the reimbursement for reasonable moving costs and real estate
commissions or fees in connection with the relocation of his residence from
17902 Bonhomme Ridge Court, Chesterfield MO 63017 to another location in the
St. Louis Metropolitan area. Accordingly, UIC shall waive the eligibility
requirements of, and Executive shall receive the benefits of, the Company's
Program 4 Homeowner Relocation Reimbursement Policy ("Policy") in connection
with the relocation of his residence from 17902 Bonhomme Ridge Court,
Chesterfield MO 63017 to another location in the St. Louis Metropolitan area,
excluding therefrom the following sections: (i) Homefinding Trip; (ii)
Homefinding Assistance;; (iii) Rental Assistance; (iv) Temporary Living; (v)
Shipment of Household Goods and Auto; and (vi) Final Moving Trip.

13.  ARBITRATION OF UIC STOCK VALUATION: Notwithstanding any provision to the
contrary in the UIC 2001 Stock Option Plan or the UIC 1999 Stock Purchase Plan,
UIC agrees to submit to arbitration any disputes between Executive and UIC
regarding the fair market value of UIC common stock. The arbitration shall be
conducted in St. Louis MO in accordance with the rules of the American
Arbitration Association.

14.  TERM: This Agreement shall be in effect on the Effective Date and shall
continue for an initial period of three (3) years from such date, unless sooner
terminated by either party in the manner set forth herein. On the expiration of
the initial term hereof or any subsequent renewal term, this Agreement shall be
automatically renewed and extended for successive periods of one (1) year each,
unless either party shall have given the other party written notice of the
non-renewal of this Agreement not less than sixty(60) days prior to the
expiration of the then current term of this Agreement. Failure of either party
to automatically renew this Agreement shall not be construed to be either an
involuntary termination of Executive by UIC without cause or a constructive
termination of his employment with UIC by Executive.

15.  ASSIGNMENT: This Agreement may not be assigned by UIC except to an
affiliate of UIC, provided, however, that if the Company shall merge or effect a
share exchange with or into, or sell or otherwise transfer substantially all its
assets to, another corporation, UIC may, by operation of law or otherwise,
assign its rights hereunder to such successor corporation and cause such
corporation to assume UIC's obligations under this Agreement without obtaining
the prior consent of Executive.

16.  NOTICES: Any notice or other communications under this Agreement shall be
in writing, signed by the party making the same, and shall be delivered
personally or sent by certified mail, postage prepaid, return receipt requested
or sent by a nationally recognized overnight courier or delivery service,
addressed as follows:

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     If to Executive:    Robert L. Caulk
                         17902 Bonhomme Ridge Court
                         Chesterfield MO 63017

     With a copy to:     Irv Berliner, Esq.
                         Kahn, Kleinman
                         The Tower at Erieview
                         Suite 2600
                         Cleveland OH 44114-1824

or to such other address as may be furnished by one party to the other in
writing.

If to UIC:               United Industries Corporation
                         8825 Page Boulevard
                         St. Louis, MO 63114
                         ATTN: General Counsel

or to such other address as may be furnished UIC to Executive. All such notices
shall be deemed given on the date personally delivered, mailed or couriered

17.  GOVERNING LAW: This Agreement shall be interpreted and enforced in
accordance with the laws of the State of Missouri.

18.  SEVERABILITY: Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid, but if any one or more
of the provisions contained in this Agreement shall be invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability for any such provisions in every other respect and of the
remaining provisions of this Agreement shall not be in any way impaired.

19.  MODIFICATION: No waiver or modification of this Agreement or of any
covenant, condition, or limitation herein contained shall be valid unless in
writing and duly executed by the party to be charged therewith and no evidence
of any waiver or modification shall be offered or received in evidence of any
proceeding, arbitration or litigation between the parties hereunder, unless such
waiver or modification is in writing, duly executed as aforesaid and the parties
further agree that the provisions of this section may not be waived except as
herein set forth.

20.  ENTIRE AGREEMENT: This Agreement contains the entire agreement of the
parties hereto with respect to the subject matter contained herein. There are no
restrictions, promises, covenants or undertakings, other than those expressly
set forth herein. This Agreement supersedes any and all prior employment
agreements between Executive and UIC.

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     IN WITNESS WHEREOF, the parties hereto have executed this Amended And
Restated Employment Agreement as of the Effective Date above written.

UNITED INDUSTRIES CORPORATION                     ROBERT L. CAULK

By: /s/ David A. Jones                            /s/ Robert L. Caulk
    ------------------------------                ------------------------------
David A. Jones
Chairman of the Compensation
  Committee of the Board of Directors

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                                                                  EXHIBIT 10.16

                         UNITED INDUSTRIES CORPORATION

March 28, 2001                                    VIA FEDERAL EXPRESS

Mr. Kent J. Davies
535 Tatum Drive
Alpharetta GA 30022

RE: Offer of Employment

Dear Kent:

The purpose of this letter is to confirm the terms and conditions of our offer
of employment to you. This letter supersedes our March 23, 2001 offer letter,
except that the exhibits to the March 23, 2001 letter shall remain as exhibits
to this letter except as otherwise specifically stated below.

1.   JOB TITLE & START DATE: As of your starting date, you will be employed as
Senior Vice President of Marketing for the Spectrum Brands Division of United
Industries Corporation ("UIC"). In this position, you will devote your full time
and attention to the business and affairs of UIC. You will start work at UIC's
headquarters at 8:00 am on Monday, April 30, 2001.

2.   BASE SALARY: Your base salary will be at the annualized rate of at least
$200,000, payable in equal monthly increments, less legally required federal and
state tax withholdings, and such other payroll deductions as you may authorize.
Your base salary will be reviewed at least once each year as part of the
performance review process.

3.   INCENTIVE COMPENSATION: With regard to bonus and incentive compensation,
you will be a participant in an incentive compensation plan (a description of
the plan is attached as "ITEM 3 EXHIBIT"), with payment based on UIC's
attainment of certain financial and operational targets, as well as your
achieving pre-established individual performance objectives ("MBOs"), which are
as set forth in Section B(1) of the plan attached as Item 3 Exhibit. Your
participation for 2001 will reflect an appropriate partial year proration from
your start date through year-end. Notwithstanding the plan's provisions, UIC
agrees that your total incentive compensation for that portion of fiscal 2001
from your starting date of April 30, 2001 through December 31, 2001 shall be at
least $33,334.00, provided that you are still employed with UIC on December 31,
2001.

4.   STOCK OPTIONS: You will be granted stock options under UIC's 2001 Stock
Option Plan to purchase up to 200,000 shares of UIC stock at an exercise price
of $2.00 per share when you sign the United Industries Corporation Stock Option
Agreement which will be substantially as set forth in the form attached as "ITEM
4(a) EXHIBIT". With respect to a Change of Control of UIC, in the event there is
a Sale of UIC as defined in Section 4.1 of the United Industries Corporation
Stock Option Agreement, vesting of your options will be accelerated as provided
in the UIC Stock Option Agreement. A copy of the 2001 Stock Option Plan is
attached as "ITEM 4(b) EXHIBIT."

5.   VACATION PAY:  You will be entitled to four (4) weeks of paid vacation per
year.

6.   RELOCATION EXPENSES AND BRIDGE LOAN:

(a)  RELOCATION EXPENSES: Reimbursement of certain out-of-pocket expenses you
may incur in relocating to St. Louis will be provided by UIC in accordance with
its current Relocation Policy. A copy of the Relocation Policy is attached as
"ITEM 6 EXHIBIT". To the extent provided in UIC's Relocation Policy, you will
be reimbursed for the real estate commission on the sale of your existing
principal residence, and your travel expenses (including coach airfare) for two
(2) house hunting trips to St. Louis. You understand that if you resign or are
terminated for cause

                     8825 PAGE BOULEVARD, ST. LOUIS MO 63114
                            Telephone (314) 427-0780

<Page>

before completing six (6) months of consecutive service with UIC, you will be
obligated to repay to UIC the full amount of your relocation expenses you may
have incurred through the termination date, which expenses UIC has paid or is
obligated to pay to third parties as of that date.

In addition to your relocation expenses covered by UIC's Relocation Policy, UIC
will also reimburse you for supplemental temporary housing expenses incurred by
you and your immediate family from the date your family moves to the "St. Louis
Area" (defined as comprising the City of St. Louis County, St. Charles County
and Jefferson County in Missouri, and St.Clair and Madison Counties in Illinois)
until (1) the date you and your immediate family purchase and occupy your new
principal residence in the St. Louis Area, or (2) ninety (90) days after your
family moves to the St. Louis Area, whichever occurs first. The cost of any such
supplemental temporary housing must be approved by your supervisor in writing in
advance of your entering into any contractual commitment for such housing as a
condition precedent to UIC's reimbursement obligation.

(b)  BRIDGE LOAN. To further assist you and your family in relocating to the St.
Louis Area, UIC agrees to loan you and your wife, jointly and severally, a
principal sum of $75,000.00, for a term of one(1) year. No interest will accrue
on the loan. The loan will be unsecured. The loan proceeds are to be applied
solely toward the purchase price of your new principal residence in the St.
Louis Area. UIC's disbursement of the loan proceeds will be in the form of a
cashier's check, which will be payable to you and your wife AND the seller, or
in such other form as shall be acceptable to UIC. As a condition to UIC's
disbursing the loan proceeds, you and your wife agree to sign a Promissory Note
which shall be in form acceptable to UIC. The Promissory Note shall, among other
things, provide that (1) the principal indebtedness will be forgiven in full if
you will have remained continuously employed by UIC for one year from the date
the loan proceeds are disbursed, and (2) that you and your wife shall be jointly
and severally liable for repayment of all outstanding principal owed to UIC for
the Bridge Loan if any event of default occurs as set forth in the Promissory
Note, including but not limited to your termination for cause, or your
voluntarily leaving the employ of UIC less than one year from the date the
Bridge Loan proceeds are disbursed. If the Company terminates you for any reason
other than for cause within the one(1) year period following disbursement of the
loan proceeds, you shall have no obligation for repayment and the loan will be
forgiven pursuant to the agreement of the parties and the express terms of the
promissory note. Your obligation to repay the Promissory Note will not be
accelerated unless UIC elects to do so if you are terminated for cause.

7.   OTHER BENEFITS: You will be entitled to receive the usual group benefits
generally available to other UIC executives. Unless otherwise specified in this
letter, your benefits will consist of whatever benefit programs may be in effect
from time to time for UIC executives, subject to eligibility requirements set
forth in the applicable benefit plans. Benefit programs may be increased,
decreased, changed or discontinued at any time. Details of UIC's benefit
programs are explained in the "Benefits Basics" brochure included with this
letter as "ITEM 7 EXHIBIT."

8.   BUSINESS CODE OF CONDUCT: The ITEM 8 EXHIBIT attached to this letter
includes the Spectrum Brands Business Code of Conduct. You agree to abide by the
terms thereof at all times.

9.   NONCOMPETITION AND NONSOLICITATION COVENANTS: The ITEM 9 EXHIBIT attached
to this letter states your nonsolicitation and noncompetition obligations.

10.  NO BREACH OF OTHER COVENANTS: By signing this letter, you confirm your
representations to UIC that you are not subject to any noncompetition covenants
or other legal obligations which prevent you from being employed at UIC and that
you agree to defend, indemnify and hold UIC harmless in the event you breach any
such covenants.

11.  SEVERANCE: UIC acknowledges that you may terminate your employment at any
time, with or without cause, by notice to UIC to that effect. You agree to
continue to perform the duties of your employment for such reasonable period as
UIC may request, not exceeding 30 days, after the date of your termination
notice to UIC. You acknowledge that UIC may terminate your employment at any
time, with or without cause, by notice to you to that

                    8825 PAGE BOULEVARD, ST. LOUIS, MO 63114
                            Telephone (314) 427-0780

<Page>

effect. If UIC terminates your employment without cause, or because of
Constructive Termination (as defined in ITEM 11(a) EXHIBIT), then in
consideration for your execution of a general release of UIC in the form
attached to this letter as ITEM 11(b) EXHIBIT, UIC will pay you an amount equal
to twelve (12) months of your base salary, payable in twelve (12) equal
consecutive monthly installments, commencing on the last day of the month
following the month in which your employment terminates. However, you understand
that you will not receive such severance payments if you are terminated for
cause.

12.  CHANGE IN CONTROL. In the event of a Sale of the Company as defined in Item
4 (United Industries Stock Option Agreement) at section IV.A.2.iii.(w)-(z),
pursuant to which the Company, or any successor thereto, terminates your
employment hereunder for any reason other than cause during the twelve (12)
month period following the occurrence of such Sale, you shall be entitled to:
(1) base salary accrued through the date of termination; (2) accrued incentive
compensation determined in accordance with UIC's incentive compensation plan, on
a pro-rata basis for the fiscal year in which the Sale occurred, and (3)
severance payment in an amount equal to twelve (12) months of your then base
salary payable in twelve (12) equal consecutive monthly installments.

By your signing this letter, you agree to all of the terms expressed in this
letter and all its exhibits. If this letter is acceptable to you, please sign
and return the enclosed copy of this letter to my attention. You may also fax to
me the letter bearing your signature (fax to 314-253-5924). Our offer will
remain open for your acceptance until 5:00 p.m. (our local time) on Thursday,
March 29, 2001. If I do not receive this letter with your countersignature by
that time, our offer will be withdrawn.

Sincerely

/s/ Robert L. Caulk
-------------------------
Robert L. Caulk
President and Chief Executive Officer

Accepted this 28th day of March, 2001:            /s/ Kent J Davies
                                                  --------------------
                                                  Kent J Davies

                    8825 PAGE BOULEVARD, ST. LOUIS, MO 63114
                            Telephone (314) 427-0780

<Page>

                               OFFER OF EMPLOYMENT
                                 KENT J. DAVIES

                           INCENTIVE COMPENSATION PLAN

     DEFINITIONS:

     "YEAR": the Company's fiscal year, which as of the date of this Agreement
     is the same as calendar year.

     "EBITDA": represents net income from continuing operations before interest
     expense, income taxes, depreciation and amortization, excluding any
     non-recurring or extraordinary items, as determined in accordance with
     generally accepted accounting principles ("GAAP"), consistently applied.

     NOTE: IT IS UNDERSTOOD THAT THE COMPANY MAY BUT IS NOT REQUIRED TO PAY
     INCENTIVE COMPENSATION IN ANY YEAR IN WHICH THE COMPANY'S ACTUAL EBITDA FOR
     THE YEAR IS NOT AT THE PRE-DETERMINED MINIMUM OF TARGET EBITDA FOR THAT
     YEAR.

     "EBITDA GOAL": 100% of the Company's EBITDA performance objective for a
     given Year as determined by the Company's Board of Directors.

     SUMMARY OF COMPENSATION:

Your compensation will consist of A) Base Salary; B) Incentive Compensation;
Programs as outlined below:

A.   BASE SALARY shall be at the rate of $200,000 per year, payable monthly.
     This position is exempt from the Fair Labor Standards Act and, thus, you
     will not be eligible for overtime.

B.   Your INCENTIVE COMPENSATION consists of a bonus based on (1) your achieving
     pre-established individual performance objectives for the applicable Year,
     AND (2) the Company reaching its Target EBITDA for the applicable Year.
     Your total incentive potential will be 50% of your Base Salary if 100% of
     Target EBITDA is achieved and up to 60% of Base Salary if 105% of Target
     EBITDA is achieved.

     (1) MBO COMPONENT: The portion of your Incentive Compensation based on your
     achievement of pre-established individual performance objectives ("MBOs")
     for the applicable Year will be 20% of your total incentive potential. A
     prorated portion of your Incentive Compensation may be paid if you achieve
     a portion of your pre-established individual performance objectives for the
     applicable Year. This award, to be determined by management, is in
     recognition of your achieving pre-established individual performance
     objectives for the applicable Year and will be payable within ninety (90)
     days after Year-end. Your performance objectives for each Year will be
     established between you and the President. For fiscal 2001, your MBO's
     shall be as follows:

<Page>

          (a) execute 2002 New Product planning process and first ship date on
          all new items by December 2001);

          (b) develop brand strategy to create a "reason for being" for
          Spectracide between premium and OPP brands by October 2001;

          (c) develop a growth strategy for Peters brand fertilizers by October
          2001;

          (d) determine organization by September 2001. Staff to Plan by
          February 2002;

          (e) upgrade Marketing analysis and action regarding brand performance
          (focus on use of qualitative information and syndicated data);

          (f) participate in acquisition identification, evaluation, negotiation
          and integration planning as required to support Corporate development;

          (g) establish sustaining Business Planning and New Product Development
          process that (unites Sales and Marketing) allows for final Management
          approval by end of first quarter each year.

     (2) TARGET EBITDA COMPONENT: The portion of your Incentive Compensation
     based on the Company reaching its Target EBITDA for the applicable Year
     will be 80% of your total incentive potential. A prorated portion of your
     EBITDA incentive may be paid if the Company achieves at least ninety (90)
     percent of its EBITDA goal for the applicable Year and will be payable
     within ninety (90) days after Year-end.

     Subject to application of the above referenced MBO Component and Target
     EBITDA Component, your potential Incentive Compensation shall be calculated
     as follows:

          (a)  If the Company's actual EBITDA for the year in question equals
               90% of Target EBITDA for such year, your potential Incentive
               Compensation will equal the product of (A) Base Salary multiplied
               by (B) 25%; plus

          (b)  Incentive Compensation will increase by an amount equal to the
               product of (A) Base Salary multiplied by (B) 2.5% multiplied by
               (C) the number of percentage points by which the Company's actual
               EBITDA for the year in question exceeds 90% of Target EBITDA for
               such year up to a maximum of 25% of Base Salary in any year; plus

          (c)  Incentive Compensation will increase by an amount equal to the
               product of (A) Base Salary multiplied by (B) 2% multiplied by (C)
               the number of percentage points by which the Company's actual
               EBITDA for the year in question exceeds 100% of the Target EBITDA
               for such a year up to a maximum of 105% of Target EBITDA.

<Page>

     Eligibility for Incentive Compensation requires that you be employed at
     Year-end, and that your employment is not terminated for cause prior to
     payment of any award of Incentive Compensation. The Company may elect, at
     its discretion, to pay a portion of the Incentive prior to the end of the
     Year.

     If you are not in the employ of the Company for the entire Year, but you
     are in the employ of the Company at Year-end, the Incentive Compensation
     for that year will be a fractional portion of the award. The numerator of
     the fraction is the number of months you are employed by the Company and
     the denominator is 12. Employees with a hire date after the 15th of any
     month will not get credit for that month toward Incentive Compensation
     calculation.

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