Newell Brands Completes Divestiture of the Connected Home & Security Business

Newell Brands Inc. (NASDAQ: NWL) announced today that it has completed the sale of the Connected Home & Security business (CH&S) to Resideo Technologies, Inc. (NYSE: REZI) for a purchase price of $593 million, subject to customary working capital and transaction adjustments.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, April 1, 2022
Information
Tags: 
Consumer Electronics, Security, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Networks, Aurora, NUK, Yankee Candle, Sunbeam, NASDAQ, Rubbermaid, Sale, Newell Brands, Sharpie, CH, NYSE, Fireproofing, Dymo Corporation, Security, Rubbermaid Commercial Products, Connected Home over IP, Oster, Graco, BRK, Contigo, Smoke, EXPO, NWL
Geotags: 
GEORGIA, UNITED STATES, NORTH AMERICA, ILLINOIS
Stock Symbol: 
NASDAQ:NWL
Summary
Key Points: 
  • Newell Brands Inc. (NASDAQ: NWL) announced today that it has completed the sale of the Connected Home & Security business (CH&S) to Resideo Technologies, Inc. (NYSE: REZI) for a purchase price of $593 million, subject to customary working capital and transaction adjustments.
  • The CH&S business, based in Aurora, Illinois, produces and distributes smoke and carbon monoxide combo alarms, fire suppressants, fireproof safes and other home safety products under the BRK and First Alert brands.
  • Newell Brands' beloved, planet friendly brands enhance and brighten consumers lives at home and outside by creating moments of joy, building confidence and providing peace of mind.
  • This press release and additional information about Newell Brands are available on the companys website, www.newellbrands.com .


Newell Brands Inc. (NASDAQ: NWL) announced today that it has completed the sale of the Connected Home & Security business (CH&S) to Resideo Technologies, Inc. (NYSE: REZI) for a purchase price of $593 million, subject to customary working capital and transaction adjustments. The CH&S business, based in Aurora, Illinois, produces and distributes smoke and carbon monoxide combo alarms, fire suppressants, fireproof safes and other home safety products under the BRK and First Alert brands.

About Newell Brands

Newell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, FoodSaver, Calphalon, Sistema, Sharpie, Paper Mate, Dymo, EXPO, Elmer’s, Yankee Candle, Graco, NUK, Rubbermaid Commercial Products, Spontex, Coleman, Campingaz, Contigo, Oster, Sunbeam and Mr. Coffee. Newell Brands' beloved, planet friendly brands enhance and brighten consumers lives at home and outside by creating moments of joy, building confidence and providing peace of mind.

This press release and additional information about Newell Brands are available on the company’s website, www.newellbrands.com.

Copyright: 
Copyright Business Wire 2022