Tag Archives: Newell Rubbermaid

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

Newell Rubbermaid Debuts Design Center

Newell Rubbermaid

ATLANTA-Newell Rubbermaid has opened a design center in Kalamazoo, Mich., in its effort to present itself as a design- and innovation-led company. The 40,000-square-foot facility includes a studio space in which designers can use software tools, immersion laboratories for each of the company’s business segments and a usability laboratory, in which the company’s recently createdMore »

Last updated: May 21, 2014

Newell Rubbermaid Q1 Net Slips 2.4 Percent

Newell Rubbermaid

ATLANTA-Weak sales of home products and higher costs both played a part in reducing Newell Rubbermaid’s first-quarter profit and sales. Net income in the quarter, which ended on March 31, fell 2.4 percent to $52.9 million. Net sales were down 0.7 percent to $1.2 billion. Sales in Newell’s Home Solutions segment were down 5.2 percent,More »

Last updated: May 2, 2014

Spectrum’s Lumley Elected to Husqvarna Board

Spectrum Tabs Lumley as CEO; Hussey to Retire

MIDDLETON, Wis.-Husqvarna, the outdoor power products manufacturer, has elected Dave Lumley, president and CEO of Spectrum Brands, to its board of directors. Lumley joined Spectrum, parent of the Remington personal-care brand and the Russell Hobbs line of small kitchen appliances, in 2006 as president, North America. He was named co-chief operating officer and president ofMore »

Last updated: April 11, 2014

Newell Rubbermaid Drives to Double-Digit Net Gains for Q4, Fiscal Year

Newell Rubbermaid

ATLANTA-Strong sales in its core products along with cost savings from its Project Renewal initiative fueled Newell Rubbermaid to double-digit increases in net income for its fourth quarter and fiscal year, which ended on Dec. 31. Net income for the quarter rose 15.1 percent to $117.3 million, while for the year net income reached $474.6More »

Last updated: January 31, 2014