Newell Brands agrees to buy NZ's Sistema for $660 mln as it seeks faster-growing businesses

Mon, 12 Dec 2016

Dec. 13 (BusinessDesk) - Newell Brands has agreed to buy Sistema Plastics from its New Zealand owner for $660 million, one of two businesses the New York Stock Exchange-listed consumer products company is acquiring as it seeks faster-growing assets. Hoboken, New Jersey-based Newell, whose brands range from Sharpie and Paper Mate pens to Crock-Pot slow cookers, Sunbeam home appliances and Rubbermaid storage products, has agreed to buy Sistema and home fragrance business Smith Mountain Industries, saying both businesses "are growing at rates w...

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