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Newell Brands will expand into an existing 211,000 sq ft facility in Shelbyville, Bedford County, investing $11 million and creating 115 jobs over five years.
Newell Brands awarded Ball Metalpack a long-term manufacturing contract. No value or location was disclosed.
Ball Metalpack has signed a long-term agreement to supply metal screw caps and rings to consumer and commercial products manufacturer Newell Brands. The announcement was made on September 17, 2018.
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.
Stirling Development signed a three-year 195,508-square-foot industrial lease with Newell Brands for Distribution Centre 18 in Victorville, California, creating about 200 new jobs.
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.
In a parallel deal, Newell Brands is buying US company Smith Mountain Industries, maker of WoodWick home fragrance candles, for US$100 million.
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.
