Newell Rubbermaid to Pursue Sale of Ashland Brand

May 9th, 2013 by Editor

When reporting its first quarter 2013 financial results, Newell Rubbermaid, parent company of Ashland Hardware, announced its plans to “pursue the sale” of its Hardware and Teach Platform businesses (comprising the Ashland®, Bulldog®, Shurline® and Amerock® brands, the drapery hardware business and Mimio®).

The decision comes as part of its “strategic changes,” and the company says “the divestiture of these businesses will create a faster-growing, higher margin and more focused portfolio, enabling accelerated performance.”

The related results of operations of these businesses are reported as discontinued operations in the company’s financial statements.

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