Deal Snapshot
NEWELL BRANDS TO SELL RUBBERMAID US CONSUMER STORAGE TOTES BUSINESS
Tuesday 17 January 2017

US-based consumer products company Newell Brands Inc. (NYSE: NWL) has entered into a definitive agreement to sell its Rubbermaid consumer storage totes business to United Solutions, the company said. This business is a supplier of plastic products for the home and office.
In conjunction with the sale, the parties will enter into a five-year licensing agreement for use of the Rubbermaid brand name. Financial terms of the agreement were not disclosed and are not material. The Rubbermaid consumer storage business represents approximately USD 70m in annual sales.


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Details
Date Published: 17/01/2017
Target: Rubbermaid consumer storage totes business
Country: USA
Sector: Consumer Products
Type: Divestment
Financing:
Status: Agreed
Vendor: Newell Brands
Buyer: United Solutions
Comment:
Terms of the deal were not disclosed

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