Newell Brands Announces Definitive Agreement to Sell Fire Starter and Fire Log Business
April 10 2017 - 8:30AM
Business Wire
Newell Brands Inc. announced today that it has signed a
definitive agreement to sell its Pine Mountain® fire starters and
fire logs business as well as its Diamond® matches, fire starters,
lighters, toothpicks, clothespins and clotheslines business to
Royal Oak Enterprises LLC, a leading manufacturer of charcoal and
grilling products. Martin E. Franklin and Ian G. H. Ashken, members
of Newell Brands’ Board of Directors, are affiliates of Royal Oak.
Newell Brands will retain Diamond branded plastic cutlery products.
The transaction is expected to close in the second quarter of 2017,
subject to customary closing conditions. Terms were not
disclosed.
About Newell Brands
Newell Brands is a leading global consumer goods company with a
strong portfolio of well-known brands, including Paper Mate®,
Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®, Jostens®,
Marmot®, Rawlings®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®,
Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®,
Calphalon®, Rubbermaid®, Contigo®, First Alert®, Waddington and
Yankee Candle®. Newell Brands makes life better for hundreds of
millions of consumers every day, where they live, learn, work and
play.
This press release and additional information about Newell
Brands are available on the company’s website,
www.newellbrands.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170410005433/en/
Newell Brands Inc.Investors:Nancy O’Donnell,
+1-770-418-7723Vice President, Investor
Relationsnancy.odonnell@newellco.comorMedia:Jason Anthoine,
APR, +1-201-610-6768Vice President, Corporate
Communicationsjason.anthoine@newellco.comorWeber ShandwickLiz
Cohen, +1-212-445-8044liz.cohen@webershandwick.com
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