Newell Rubbermaid Inc. (NYSE: NWL) agreed to buy Jarden Corp. (NYSE: JAH) for about $13.2 billion, adding brands like K2 Skis and Yankee Candle to its stable of household goods to create a consumer-products giant with $16 billion of sales.

Newell Rubbermaid has been restructuring its portfolio through M&A lately. The company has agreed to acquire Elmer’s Products; It sold its Endicia division to Stamps.com; and in 2013, Newell Rubbermaid sold five hardware brands to Nova Capital.

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