Newell Rubbermaid Sells Hardware Business to Nova Capital
Newell Rubbermaid Sells Hardware Business to Nova Capital
Nova Capitalhas acquires five home improvement and hardware brands from Newell Rubbermaid for $214 million. The businesses that are being sold are Amerock, Ashland, Bulldog, Drapery Hardware and Shur-Line. The transaction is expected to close within the third quarter of this year. Also, Nick Morrisroe, vice president and general manager of hardware for Newell Rubbermaid will continue in his role while David Jacobs, investment partner at Nova, will join the boards of the combined businesses.
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