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US: Newell Rubbermaid to acquire Jarden for $15.4 billion

 |  December 14, 2015

Rubbermaid said Monday it had agreed to acquire Jarden for more than $15 billion in cash and stock.

The deal creates a $16 billion consumer goods company, with brands including Paper Mate, Sharpie, Elmer’s, Rubbermaid, Graco, Lenox, Coleman, Sunbeam, and Yankee Candle, the companies said in a joint news release.

“The deal is a bet that Newell can gain efficiency and clout from Jarden’s more than 100 far-flung brands, including everything from Oster appliances and K2 skis to Yankee Candle,” Bloomberg said.

Both Atlanta-based Newell Rubbermaid and Miami-based Jarden have been scooping up consumer products brands, and investors have rewarded them, according to The Wall Street Journal.

Full content: The Wall Street Journal

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