Newell Rubbermaid to buy Jarden for $13.2bn to create household goods giant

• Combined company expects $16bn revenue per year
• Rubbermaid CEO Michael Polk to be CEO of combined Newell Brands

Newell Rubbermaid is buying Jarden Corp in a cash-and-stock deal worth about $13.2bn that combines some of the most famous names in household goods.

The combined company will generate a mammoth $16bn in revenue per year with brands such as Paper Mate, Sharpie, Elmer’s, Rubbermaid, Calphalon, Lenox, Yankee Candle and Graco.

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from Mergers and acquisitions | The Guardian http://ift.tt/1OrixLK