Tag Archives: Newell Rubbermaid

Newell Completes bubba Acquisition

Newell Rubbermaid

ATLANTA-Newell Rubbermaid (NYSE: NWL) has closed its acquisition of bubba brands, the drinkware manufacturer that had been owned by In Zone Holdings. The purchase price was $83 million. bubba brands is expected to deliver more than $50 million in net sales this year. Michael Polk, Newell’s president and CEO, said, “We look forward to leveragingMore »

Last updated: October 23, 2014

Newell Rubbermaid to Acquire Beverageware Maker Bubba

Newell Rubbermaid

ATLANTA–Newell Rubbermaid (NYSE:NWL) has signed a definitive agreement to acquire bubba brands, maker of durable beverage containers. Terms of the agreement were not disclosed. The acquisition will expand Newell Rubbermaid’s presence in on-the-go thermal and hydration beverageware. The company recently acquired the Contigo and Avex brands from Ignite Holdings, maker of thermal and hydration products.More »

Last updated: October 17, 2014

NPD Names Morsovillo Head of Home Division

Lora Morsovillo

PORT WASHINGTON, N.Y.–The NPD Group has made leadership changes in its home and office supplies divisions. Lora Morsovillo, formerly president of the office supplies division, has been named president of the home practice. Morsovillo will continue to report to Perry James, who served as president of home and who continues to lead the firm’s hardlinesMore »

Last updated: October 3, 2014

Newell Rubbermaid to Open Global E-commerce Hub in NYC

Newell Rubbermaid

ATLANTA-Newell Rubbermaid said it will create a global e-commerce office in New York City by the end of the first fiscal quarter of 2015. According to a company statement, the office is intended to expand Newell Rubbermaid’s e-commerce business and accelerate the company’s online revenue growth throughout the world. Mark Tarchetti, the company’s chief developmentMore »

Last updated: September 25, 2014

Newell Rubbermaid Acquires Ignite

Contigo water bottles

ATLANTA–Newell Rubbermaid has acquired Ignite USA, maker of hydration bottles and thermal mugs, from private equity firm New Castle Partners for approximately $308 million. Ignite’s brands, Contigo and Avex, are expected to generate more than $125 million in net sales in 2014, according to Newell Rubbermaid. “We are excited to welcome the Ignite team toMore »

Last updated: September 5, 2014

Spectrum Brands Hires Martin as CFO

Douglas Martin

MIDDLETON, Wis.-Douglas L. Martin will join Spectrum Brands Holdings as executive vice president and chief financial officer on Sept. 1. Martin will succeed Tony Genito, who announced in April that he would leave Spectrum Brands by the end of this year to return with his family to the Southeast. Martin comes to the company, theMore »

Last updated: August 15, 2014

Newell Rubbermaid Q2 Net Climbs 37.2 Percent

Newell Rubbermaid

ATLANTA-In what Michael Polk, president and CEO, described as “very strong second-quarter results across all key metrics,” Newell Rubbermaid posted second-quarter net income of $150.6 million, up 37.2 percent from the second quarter of last year. Net sales in the quarter, which ended on June 30, gained 3.1 percent to finish at $1.5 billion. TheMore »

Last updated: July 31, 2014

Newell Rubbermaid to Acquire Ignite Holdings

Newell Rubbermaid

ATLANTA-Newell Rubbermaid has signed a definitive agreement to purchase Ignite Holdings, parent of the Contigo and Avex beverage-container brands. A Newell Rubbermaid statement set the purchase price at $308 million, subject to customary working-capital adjustments. When the deal closes, which is expected to take place by the end of this year’s third quarter, the ContigoMore »

Last updated: July 21, 2014