Newell Rubbermaid Inc. (NYSE:NWL) and Jarden Corporation (NYSE:JAH), parent company of Oster, have entered into a definitive agreement to combine the two companies. The transaction creates a $16 billion consumer goods company to be named Newell Brands, with a portfolio of leading brands in large unconsolidated categories, including Paper Mate, Sharpie, Calphalon, Rubbermaid, First Alert, Sunbeam and Yankee Candle.
James E. Lillie, CEO of Jarden, added, “This combination is focused on driving shareholder value and accelerating the growth and profitability of both businesses. Together, the business can move faster, globally leveraging the expertise and ability of the dedicated and talented employee base.” For more details, visit http://ir.newellrubbermaid.com.
Oster/Jarden has named The Kirschner Group, Inc.’s Kevin Osterloh, a member of the West sale team and territory manager, as its Manufacturer’s Representative of the Year. Visit kirschnergroup.com.
For the fifth year in a row, the Hot Tools Professional 24k Gold Spring Curling Irons were named 2015 InStyle Best Beauty Buys. More than 200 beauty products were chosen as winners across a number of categories, including skin care, hair care, cosmetics, nails and tools. Winners were selected by top beauty experts, who vetted thousands of products before awarding the top honors. Visit hottools.com.
L’Oreal USA has signed an agreement to acquire key assets from Raylon Corporation, a full-service, family owned wholesale distributor headquartered in Reading, PA. The acquisition will expand SalonCentric’s distribution coverage of salon professional products within Pennsylvania, New Jersey, Delaware and portions of Maryland, West Virginia and New York.
Courtesy of “The Beauty Industry Report.”
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