HOBOKEN, N.J.–(BUSINESS WIRE)–Newell Brands Inc. (NYSE: NWL) announced today the declaration of a
quarterly cash dividend of $0.23 per share. The dividend is payable
September 14, 2018 to common stockholders of record at the close of
business on August 31, 2018.
The company also announced that it has signed a definitive agreement to
sell Goody Products, Inc., a leading manufacturer of hair styling tools
and accessories, to a fund managed by ACON Investments, L.L.C., a
private equity investment firm based in Washington, D.C. Terms were not
disclosed. Goody’s 2017 net sales were approximately $115 million.
The transaction is expected to close within approximately 30 days,
subject to customary closing conditions, including regulatory approval.
Baird acted as financial advisor to Newell Brands on the Goody
About Newell Brands
Newell Brands (NYSE: NWL) is a leading global consumer goods company
with a strong portfolio of well-known brands, including Paper Mate®,
Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®, Jostens®, Marmot®,
Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial
Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®,
Contigo®, First Alert®, and Yankee Candle®. For hundreds of millions of
consumers, Newell Brands makes life better every day, where they live,
learn, work and play.
About ACON Investments
ACON Investments, L.L.C. is a Washington, DC-based international private
equity investment firm that manages private equity funds and special
purpose partnerships that make investments in the United States and
Latin America. Founded in 1996, ACON has responsibility for managing
approximately $5.3 billion of capital. ACON has professionals in
Washington, DC, Los Angeles, São Paulo, Bogotá and Mexico City. For more
information, visit www.aconinvestments.com.
This news release contains forward-looking information based on
management’s current views and assumptions, including statements
regarding the expected timing of the Goody transaction. Actual events
may differ materially. Factors that may affect actual events include,
but are not limited to, whether and when the required regulatory
approvals for the Goody transaction will be obtained, whether and when
the closing conditions will be satisfied and whether and when the
transaction will close. Please refer to the cautionary statements set
forth in the “Forward-Looking Statements” section and under the caption
“Risk Factors” in Newell Brands’ Annual Report on Form 10-K for other
factors that could affect our business.
This press release and additional information about Newell Brands are
available on the company’s website, www.newellbrands.com.
Newell Brands Inc.
Investor Relations and Communications
+1 (201) 610-6857
Cohn and Wolfe
+1 (212) 614-5033
Director of Investor Relations
+1 (202) 386-9767