Newell Rubbermaid Selling Another Division to PE Firm
August 12, 2013
Consumer products giant Newell Rubbermaid (NYSE: NWL) has agreed to sell five home improvement and hardware brands to Nova Capital for $214 million. All five are part of Newell's Hardware business, and include the Amerock, Ashland, Bulldog, Drapery Hardware and Shur-Line brands. The divestiture comes a few weeks after Newell sold its Teach platform to private equity firm Skyview Capital.