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Newell Brands sells two businesses

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.