# 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.

- Type: Acquisition
- Announced: 2016-12-12
- Where: Auckland, New Zealand
- Value: $570.0M
- Status: announced
- Products: food storage containers, home fragrance products, WoodWick candles
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Newell Brands](https://endata.com/companies/542.md) (acquirer)
- [Sistema Plastics](https://endata.com/companies/543.md) (target)
- [Smith Mountain Industries](https://endata.com/companies/544.md) (target)

## Sources

- [njbiz.com](https://njbiz.com/newell-makes-pair-of-acquisitions-totaling-570m/), 2016-12-12: "The first deal, for New Zealand-based Sistema Plastics, will cost Newell about $470 million."
- [nbr.co.nz](https://www.nbr.co.nz/us-conglomerate-newell-brands-buys-nz-owned-sistema-plastics-for-660m/), 2016-12-13: "US-based conglomerate Newell Brands is paying $US470 million ($660 million) for Auckland-based food storage company Sistema Plastics in one of the year's biggest takeover deals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.