Newell Brands agrees to sell Waddington Group to Novolex for $2.3B
Newell Brands signed a definitive agreement to sell its Waddington Group packaging business, based in Covington, Kentucky, to Novolex Holdings, backed by The Carlyle Group, for gross proceeds of about $2.3 billion. The deal is expected to close within about 60 days.
Productspaper and plastic packagingdisposable servewaredrinkwarecutlery containers
“Gross proceeds from the divestiture are expected to be approximately $2.3 billion, subject to customary working capital and transaction adjustments.”ir.newellbrands.com
- 7 sources
- ir.newellbrands.comNewell Brands Announces Agreement to Sell The Waddington Group to Novolex | Newell BrandsMay 4, 2018
- wsj.comAt Last: Carlyle’s Novolex to Bring Waddington into the Fold for $2.3 Billion - WSJMay 4, 2018
- ecoplasticsinpackaging.comNovolex to acquire US sustainable packaging producerMay 8, 2018
- packaging-gateway.comNovolex to acquire Newell’s Waddington Group for $2.3bn News -May 8, 2018
- plasticstoday.comNovolex to acquire Waddington Group from Newell BrandsMay 10, 2018
- canplastics.com
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