Hunter Douglas to Sell Rubbermaid – Effective from July 1, 2016

Newell Brands stated that they have closed their deal of Kirsch and Levolor window coverings brands to Hunter Douglas, worldwide leader in window coverings early in July. The gross proceedings from the investments ranged to about 270$ million which included the retention of all accounts receivable. The company added that net proceeds of this sale can be used for debt repayment, in line with priority of capital allocation and commitment of achieving a target leverage of 3.0-3.5 times within the next Read more [...]

Newell Rubbermaid sells Levolor, Kirsch to Hunter Douglas

Hunter Douglas, the brand leading the world market in window coverings (a major manufacturer of architectural products), is now on the process of acquiring Kirsch and Levolor window coverings business and brands. Newell Rubbermaid Inc. had combined sales of USD 302 million in 2015 and has been reportedly acquired for a price of USD 270 million on the 17th of March 2016. The brand has employed 2600 people. Founded in 1935, Levolor is a leading supplier of window covering products to the United Read more [...]