Newell Brands will sell The Waddington Group to Novolex Holdings

Newell Brands will sell The Waddington Group to Novolex Holdings for about $2.3 billion. The Waddington Group includes Eco-Products, Polar Pak containers, serving ware, drink-ware and cutlery, and WNA upscale disposable plastic products. In addition, Newell expanded its Accelerated Transformation Plan, including restructuring and divesting non-core businesses representing approximately 35% of its sales.

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