Jarden, Newell Begin Merger Talks

Combined entity would have $14 billion in annual sales
December 7, 2015David Gill

Jarden3x2MIAMI-Jarden Corp. and Newell Rubbermaid are engaged in talks about a possible merger, according to the Wall Street Journal and wire services reports.

If such a merger happens, it would create a company with combined annual sales of $14 billion. It would also combine such notable housewares brands as Sunbeam, Oster and Mr. Coffee from Jarden with Rubbermaid, Calphalon and Kirsch. The Journal stated Newell’s market capitalization as $12 billion, while Jarden’s market capitalization was valued at about $10.5 billion.

Newell RubbermaidTerms of the deal were unavailable, and it’s possible that the talks won’t lead to an actual merger, according to the Journal report.

Contacted by HFN, Jarden declined to comment on the story. As of press time, Newell had not responded to a request for comment.

 

David GillDavid Gill | Contributing Editor

David Gill is a contributing editor to HFN.

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