Tag Archives: Newell Rubbermaid

Spectrum Brands Hires Martin as CFO

Douglas Martin

MIDDLETON, Wis.-Douglas L. Martin will join Spectrum Brands Holdings as executive vice president and chief financial officer on Sept. 1. Martin will succeed Tony Genito, who announced in April that he would leave Spectrum Brands by the end of this year to return with his family to the Southeast. Martin comes to the company, theMore »

Newell Rubbermaid Q2 Net Climbs 37.2 Percent

Newell Rubbermaid

ATLANTA-In what Michael Polk, president and CEO, described as “very strong second-quarter results across all key metrics,” Newell Rubbermaid posted second-quarter net income of $150.6 million, up 37.2 percent from the second quarter of last year. Net sales in the quarter, which ended on June 30, gained 3.1 percent to finish at $1.5 billion. TheMore »

Newell Rubbermaid to Acquire Ignite Holdings

Newell Rubbermaid

ATLANTA-Newell Rubbermaid has signed a definitive agreement to purchase Ignite Holdings, parent of the Contigo and Avex beverage-container brands. A Newell Rubbermaid statement set the purchase price at $308 million, subject to customary working-capital adjustments. When the deal closes, which is expected to take place by the end of this year’s third quarter, the ContigoMore »

Newell Rubbermaid Debuts Design Center

Newell Rubbermaid

ATLANTA-Newell Rubbermaid has opened a design center in Kalamazoo, Mich., in its effort to present itself as a design- and innovation-led company. The 40,000-square-foot facility includes a studio space in which designers can use software tools, immersion laboratories for each of the company’s business segments and a usability laboratory, in which the company’s recently createdMore »

Newell Rubbermaid Q1 Net Slips 2.4 Percent

Newell Rubbermaid

ATLANTA-Weak sales of home products and higher costs both played a part in reducing Newell Rubbermaid’s first-quarter profit and sales. Net income in the quarter, which ended on March 31, fell 2.4 percent to $52.9 million. Net sales were down 0.7 percent to $1.2 billion. Sales in Newell’s Home Solutions segment were down 5.2 percent,More »

Spectrum’s Lumley Elected to Husqvarna Board

Spectrum Tabs Lumley as CEO; Hussey to Retire

MIDDLETON, Wis.-Husqvarna, the outdoor power products manufacturer, has elected Dave Lumley, president and CEO of Spectrum Brands, to its board of directors. Lumley joined Spectrum, parent of the Remington personal-care brand and the Russell Hobbs line of small kitchen appliances, in 2006 as president, North America. He was named co-chief operating officer and president ofMore »

Rick Zugel of DKB Dies

Rick Zugel

SHEBOYGAN, Wis.—Rick Zugel, director of sales at DKB Household, passed away on Nov. 10. He was 63. Zugel spent his career in housewares sales, most recently with DKB Household and previously with Wilton Products, the Sunbeam Corporation, Mirro Company (a division of Newell Rubbermaid), Regent Sheffield LTD and Regal Ware, Inc. A graduate of theMore »