Newell Rubbermaid Inc. (NYSE: 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.
Copyright Business Wire 2013