Newell Brands Inc (NWL)

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Newell Rubbermaid Announces Sale of Rubbermaid Medical Cart Business to Capsa Solutions

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Business Wire
Newell Rubbermaid Inc.
15 hours ago


ATLANTA--(BUSINESS WIRE)--





Newell Rubbermaid Inc. (NWL) announced today that it has sold its Rubbermaid medical carts business to Capsa Solutions, a leader in the development and manufacturing of mobile computer workstations, medical carts, health IT mounting solutions and medication management systems, based in Portland, OR.

“Our Growth Game Plan strategy is designed to accelerate performance by setting clear priorities for our business,” said Michael Polk, Newell Rubbermaid President and Chief Executive Officer. “This transaction will further simplify our portfolio as we continue to invest behind our highest-potential global growth opportunities. We believe the medical cart business, while not core to our strategy, will be a strong performer in the hands of an owner who is focused and committed to growing and innovating in this healthcare category.”

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2014 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Contigo®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica®, Baby Jogger® and Dymo®. As part of the company’s Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to, whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section of the Company's most recently filed Annual Report on Form 10-K as well as the risk factors set forth in Item 1A thereto, for other factors that could affect our business.



View source version on businesswire.com: http://www.businesswire.com/news/home/20150806005679/en/


Contact:

Newell Rubbermaid Inc.
Nancy O’Donnell, 770-418-7723
Vice President, Investor Relations
or
Nicole Quinlan, 770-418-7251
Senior Manager, Global Communications