Newell Rubbermaid (NYSE: NWL) has agreed to sell its Levolor and Kirsch window covering brands to Hunter Douglas for $270 million, as it continues to restructure its portfolio though M&A. Both Levolor and Kirsch sell Window blinds and shades and generated $302 million in sales in 2015. Hunter Douglas, based in Pearl River, New York, also sells shades.
“The announced sale of our Décor business further strengthens our portfolio as we focus our investment behind our highest potential growth opportunities,” says Newell Rubbermaid Michael Polk. Newell Rubbermaid (NYSE: NWL) wielded M&A in 2015 winning the company Mergers & Acquisitions' 2015 M&A Mid-Market Award for Strategic Buyer of the Year.