Newell sells Home Decor units

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22 September 2006 — Atlanta (GA): Newell Rubbermaid has signed an agreement for the intended sale of parts of its European Home Décor business to Hunter Douglas, a manufacturer of window treatments and furnishings.

 

The sale includes the company’s businesses in Portugal, the Nordic, Central and Eastern European regions.

 

The firm previously divested its Home Décor operations in the UK and continues to explore the potential sale of its remaining European outlets.

 

The financial terms of the transaction have not been disclosed but it is expected to close by the end of the year.