North Castle Partners has announced it will sell Ignite USA, a developer and marketer of thermal and hydration beverageware, to Newell Rubbermaid (NYSE: NWL) for $308 million. This is NCP’s first sale from its fifth fund, which closed in May at $170.4 million. Ignite’s reusable and environmentally friendly products are primarily sold under the Contigo and Avex brands. The company, which expects to reach $125 million in net sales this year, was first backed by North Castle in early 2013. North Castle focuses on consumer businesses that promote healthy, active and sustainable living.