, Columnist
Finding a Home for Newell's Castoffs
They aren't made of gold, but there's value in these assets for someone.
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Newell Brands is having a garage sale.
The company behind Graco strollers, Sharpie markers and a range of other consumer goods announced on Tuesday that it's going to divest nearly 10 percent of its business following the completion of its $15 billion acquisition of Jarden earlier this year. The assets up for sale include Rubbermaid large consumer-storage containers (those big bins you use for stowing away Christmas decorations, sweaters and such), the majority of the company's tools segment, its winter-sports unit and its heaters, humidifiers and fans. If that sounds like a random assortment, welcome to the company that is Newell Brands.