Newell Rubbermaid reaches resolution with NHTSA Newell Rubbermaid announced that the company has agreed to conduct a recall of harness buckles used on certain infant car seats made between July 2010 and May 2013. This voluntary recall reflects the satisfactory resolution of the company's ongoing safety discussions with the National Highway Traffic Safety Administration, or NHTSA. The estimated costs of the recall were accrued in the company's previously announced first quarter results and any further impact on net sales is expected to be immaterial.
News For NWL From The Last 14 Days
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North Castle Partners sells Ignite USA to Newell Rubbermaid North Castle Partners and its co-investors announced that they have entered into a definitive agreement to sell Ignite USA to Newell Rubbermaid for a purchase price of $308M. For North Castle Partners, the transaction represents its first sale of a portfolio company from its recently closed fifth fund.