Sales: $870 million (estimated) for home fragrance products.
Corporate sales: $13.3 billion.
Key Personnel: Michael B. Polk. chief executive officer; Mark S. Tarchetti, president; William A. Burke II, chief operating officer; Ralph Nicoletti, chief financial officer; Fiona Laird, chief human resources and communications officer; Bradford Turner, chief legal officer and corporate secretary; Russ Torres, chief transformation officer; Richard Davies, chief development officer; Joseph W. Cavaliere, chief customer officer.
Major Products: Yankee Candle home fragrances.
New Products: Black Sand, Coconut Beach, Guava Coconut Fusion, Island Waterfall, Tahitian Nights scents in candles, sprays, melts and air fresheners; See America Collection. Smith Mountain Industries (acquisition).
Comments: After building a conglomerate out of seemingly disparate pieces, Newell Brands is breaking up a bit. The company entered Happi’s sector when it acquired Jarden Corporation in more than a year ago. Jarden had purchased Yankee Candle a few years before that. Now, Newell Brands has agreed to sell its winter sports business, which includes K2 and Atlas, to Kohlberg & Company. Earlier this year, Newell jettisoned its Zoot and Squadra clothing brands. Those moves followed the sale of its tool business to Stanley Black & Decker.
It remains a hodgepodge of brands in a variety of categories, but company executives are making long-term moves in home fragrance. Earlier this year, Newell Brands acquired candle-maker Smith Mountain Industries.