Newell Brands sells two businesses
| 07 November, 2018
Newell Brands says it has made substantial progress on its Accelerated Transformation Plan, designed to create a stronger consumer-focused portfolio of brands by signing definitive agreements to sell two businesses, Pure Fishing and Jostens.
Combined, these transactions are expected to contribute approximately $2.5 billion of after-tax proceeds. The company has signed a definitive agreement to sell Pure Fishing to Sycamore Partners and has also signed a definitive agreement to sell Jostens to Platinum Equity.