Newell Rubbermaid Announces Sale of Teach Platform To Skyview Capital LLC
ATLANTA--(BUSINESS WIRE)-- Newell Rubbermaid Inc. (NYS: NWL) today announced the sale of its Teach platform, including the Mimio® and Headsprout® interactive teaching technology brands, to Skyview Capital, LLC (www.skyviewcapital.com), a Beverly Hills, Calif., private equity firm. Terms were not disclosed. The transaction has closed with the signing of the agreement.
"Our Growth Game Plan is designed to accelerate performance by setting clear priorities for our business. This transaction further simplifies our portfolio as we continue to invest behind our highest-potential global growth opportunities," said Michael Polk, Newell Rubbermaid's President and Chief Executive Officer.
About Newell Rubbermaid
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.6 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica® and Dymo®. As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.
This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.
Nancy O'Donnell, +1 (770) 418-7723
Vice President, Investor Relations
David Doolittle, +1 (770) 418-7519
Vice President, Global Communications
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