Announced
Financials
Tags
Specialty Retailers
Single Bidder
Private
memorabilia
Friendly
United States
Acquisition
Pending
Private Equity
Synopsis
Newell Brands, a leading global consumer goods company with a strong portfolio of well-known brands, sold Jostens, an American manufacturer of memorabilia, to Platinum Equity. Financial terms were not disclosed. “We are pleased to announce another step forward in our Accelerated Transformation Plan, with the signing of the Pure Fishing and Jostens transactions,” said Michael Polk, Newell Brands President and Chief Executive Officer. “We have full confidence that these businesses will continue to thrive under new ownership, as they leverage their strong positions in the market place.”
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