Newell Rubbermaid to acquire Contigo brand

By Kerri Jansen
Staff Reporter

Published: July 21, 2014 5:00 pm ET
Updated: July 21, 2014 5:05 pm ET

Image By: Ignite Holdings LLC Ignite Holdings LLC's tumblers designed for powdered health drink mixes, introduced earlier this year.

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of beverage containers, in a deal valued at $308 million.

The Contigo and Avex lines include plastic water bottles, pitchers and other products. Contigo is expected to deliver sales of $125 million in 2014, according to an Ignite news release.

Newell Rubbermaid, headquartered in Sandy Springs, Ga., reported 2013 sales of $5.7 billion. The company plans to reinvest some of Ignite’s profits in aggressively building the new brands, according to its statement on the deal.

The acquisition is expected to close by the end of the third quarter of this year.

Ignite is owned by Greenwich, Conn.-based private equity firm North Castle Partners LLC.


Comments

Newell Rubbermaid to acquire Contigo brand

By Kerri Jansen
Staff Reporter

Published: July 21, 2014 5:00 pm ET
Updated: July 21, 2014 5:05 pm ET

Post Your Comments


Back to story

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events