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The combination creates $16 billion consumer goods company with a portfolio of leading brands that compete in large, growing and unconsolidated global markets.
On April 15, 2016 Newell Brands Inc. (NYSE: NWL) was pleased to announce the successful completion of the combination of Newell Rubbermaid and Jarden Corporation. (Jarden Corporation purchased The Waddington Group in 2015 of which POLAR PAK INC. is a division). This transaction creates a $16 billion global consumer goods company with a strong portfolio of leading brands, including Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®, Jostens®, Marmot®, Rawlings®, Irwin®, Lenox®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, The Waddington Group and Yankee Candle®. The company has been renamed Newell Brands Inc. and will continue to be listed on the New York Stock Exchange with ticker symbol NWL.
We are embracing an exciting new chapter in our history as it is an exciting next step in our Company’s history. The combined entities are incredibly complementary. There is no doubt that this merger represents a BOLD step into the future. As Newell Brands we will achieve a scale that enables an optimized platform to drive value creation; and bring together advantaged capabilities in innovation, brand building, design, and eCommerce with which to deliver accelerated growth.
“The combination of our two great organizations creates a powerhouse consumer goods company and sets up a very exciting long-term growth and value creation story,” said Michael Polk, Newell Brands Chief Executive Officer. “I am honored to have the opportunity to lead Newell Brands and the development of our business. We expect Newell Brands to unlock far greater upside than either company could have on their own. Our immediate focus will be to deliver our 2016 financial objectives, start the work of integrating the two companies and develop the long term corporate and portfolio strategy that will guide the choices we make and the realization of the company’s full potential.”
To read more about the merger and other Newell Brands news, visit the Press Room at www.newellbrands.com.