date:Jul 22, 2014
Newell Rubbermaid Inc. agreed to buy Ignite Holdings LLC from private-equity firm North Castle Partners for about $308 million, gaining a line of travel mugs and water bottles.
Ignites sales are expected to reach $125 million in 2014 after growing 35 per cent annually the past four years, Atlanta-based Newell Rubbermaid said in a statement. The deal is slated to close by the end of the third quarter, the company said.
Newell Rubbermaid, a maker of food-storage containers, trash cans and other