Parker and Waterman owner buys Campingaz owner | RetailDetail

Parker and Waterman owner buys Campingaz owner

Parker and Waterman owner buys Campingaz owner

Newell Rubbermaid is the parent company for writing equipment brands Parker and Waterman, but it has now paid 13 billion dollars to acquire American company Jarden, which manufacturers Campingaz among other things.

14.6 billion euro turnover together

A consumer goods merger is on the horizon, creating a company worth several billions in turnover. American Newell Rubbermaid, known for its Parker, Waterman and Rotring pens, its Dymo maps and its Rubbermaid kitchen boxes, is keen on Jarden.

 

Jarden on the other hand is established in camping equipment, like its Campingaz gas bottles and its Coleman tents, lanterns and cooking fires. It also owns snowboard manufacturer Völkl and manufacturers playing cards, household appliances and sporting / outdoor products.

 

To acquire Jarden, Newell Rubbermaid will pay 13 billion dollars (11.8 billion euro), both in cash and shares. Jarden's current market value is 11.6 billion dollars, while Newell Rubbermaid is worth 12.1 billion dollars. The merger company will have a 16 billion dollar turnover, some 14.6 billion euro. However, the deal is subject to approval from the American antitrust authority.

Questions or comments? Please feel free to contact the editors


Walmart and Microsoft team up to beat Amazon

18/07/2018

Two major American companies join forces to try to beat the omnipresent threat of Amazon: Walmart (Amazon's biggest competitor in retail) and Microsoft (Amazon's main rival in cloud services) have signed a strategic partnership for the next five years.

Sales of PCs grows for the first time in six years

13/07/2018

For the first time in six years computer sales showed growth again: in the second quarter of 2018 they increased by 1.4%. According to research firms Gartner and IDC, the sales increase is mainly due to growth in business markets.

Retailhub Inspiration Tour: the customer journey becomes very different

09/07/2018

Thanks to Retailhub by RetailDetail, Antwerp has one more unique retail hot spot. Professionals can experience the future of retail in the Benelux' only retail inspiration platform, with 1250 sqm of innovative technology and huge trends.

Breakthrough in Karstadt-Kaufhof merger

05/07/2018

Canadian Hudson’s Bay and Austrian Sigma Holding have not reached a preliminary agreement about the merger of their respective department store chains Kaufhof and Karstadt: the Canadian company says it has only signed a letter of intent.

Alibaba CEO and Belgian PM discuss investment in Liège

04/07/2018

Alibaba founder Jack Ma has discussed a possible investment in Liège, Belgium with the country's prime minister Charles Michel. Afterwards no decisive statements were made by either party.

Toys "R" Us closes American stores amidst reboot hopes

02/07/2018

Final curtains for Toys "R" Us in the United States: all the stores have closed and 30,000 employees are laid off. Against all odds, some however still hope for a second life for the troubled chain.