# Newell Brands to acquire Sistema, New Zealand plastics maker, for $660M

New Zealand's Overseas Investment Office approved the sale of plastic container maker Sistema to Newell Brands for $660 million. Newell plans to keep manufacturing in New Zealand for 20 years at a new 52,000 sqm facility.

- Type: Acquisition
- Announced: 2017-05-01
- Where: New Zealand
- Value: $660.0M
- Status: announced
- Products: plastic storage containers
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Newell Brands](https://endata.com/companies/542.md) (acquirer)
- [Sistema](https://endata.com/companies/1367.md) (target)

## Sources

- [nzherald.co.nz](https://www.nzherald.co.nz/business/companies/retail/600m-sale-of-sistema-gets-green-light-from-oio/H4N7AN35ZBBYXLU7OVLFF4IW2I/), 2017-05-01: "The Overseas Investment Office has given approval for the sale of Sistema to Newell Brands for $660 million."

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