Newell Brands acquires Sistema Plastics and Smith Mountain Industries for $570M

Newell Brands agreed to buy New Zealand-based Sistema Plastics for about $470 million and Virginia-based Smith Mountain Industries for $100 million, adding food storage and home fragrance brands.

“The first deal, for New Zealand-based Sistema Plastics, will cost Newell about $470 million.”njbiz.com

• 2 sources
• njbiz.comNewell makes pair of acquisitions, totaling 570MDec 12, 2016
• nbr.co.nzUS conglomerate Newell Brands buys NZ-owned Sistema Plastics for $660mDec 13, 2016

Summarized from public sources; check the original articles before acting on it.