Smith Mountain Industries is the company behind premium home fragrance products sold primarily under the WoodWick Candle brand.
The Rubbermaid consumer storage totes business, which represents approximately $70 million in annual sales, is being sold to United Solutions, a supplier of plastic products for the home and office. In conjunction with the sale, the parties will enter into a five-year licensing agreement for use of the Rubbermaid brand name. Financial terms of the agreement were not disclosed and are not material.
The Diamond businesses up for sale collectively represent approximately $87 million in annual sales. Private label products and other associated brands in these categories will be included in the sale. Newell Brands will retain all other Diamond-branded products, such as plastic cutlery, as well as its First Alert home safety business.