Newell Brands spending $570M on two acquisitions

Posted online December 12, 2016 | 12:21 pm

Newell Brands Inc. today announced two acquisitions worth a combined $570 million.

The largest is $470 million to buy New Zealand's Sistema, a provider of food storage containers.

Newell also will purchase home fragrance company Smith Mountain Industries, which owns the WoodWick Candle brand, for $100 million.

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