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 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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events