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Newell Brands sells The Waddington Group to Novolex for approximately $2.3 billion

June 2018

Client(s) Newell Brands Inc.

Jones Day advised Newell Brands Inc. in its sale of The Waddington Group to Novolex Holdings, a portfolio company of The Carlyle Group, for approximately $2.3 billion in cash. The Waddington Group comprises a global disposable food products brand portfolio, including Eco-Products® (green packaging), POLAR PAK® (containers, serving ware, drink-ware and cutlery), and Masterpiece® (upscale disposable plastic products).

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