Newell Brands Inc. completed the sale of its remaining 50% stake in Elmer's & Toagosei Co. to Toagosei America Inc. The agreement was executed on June 30, 2025, resulting in Toagosei America Inc. owning 100% of the joint venture.
This divestiture represents a strategic move for Newell Brands to further streamline its portfolio. The company has been executing a multi-year turnaround, focusing on disproportionate investment in its largest and most profitable brands and markets.
While specific financial terms of the transaction were not disclosed, the divestiture aligns with Newell Brands' broader strategy to optimize its asset base and enhance its overall financial trajectory by exiting non-core operations.
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