Newell Brands Announces Definitive Agreement to Sell Fire Starter and Fire Log Business
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.
Newell Brands Inc.
Investors:
Nancy O’Donnell, +1-770-418-7723
Vice President, Investor Relations
nancy.odonnell@newellco.com
or
Media:
Jason Anthoine, APR, +1-201-610-6768
Vice President, Corporate Communications
jason.anthoine@newellco.com
or
Weber Shandwick
Liz Cohen, +1-212-445-8044
liz.cohen@webershandwick.com
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