With the crazy amount of snow sports businesses hitting the market, Newell Brands (Formerly Newell Rubbermaid) is going to need an auctioneer to make sense of it all.
Related: Seth Morrison No Longer With K2?
According to Snow Industry News, the $16 billion company is looking to simplify its offerings as well as pivot from a holding company to an operating company, which mostly means an end to its snow sports sector. Once the sales are finalized, the company will use the capital to pay off existing debt– a move that would free the company up to make other acquisitions.
The companies for sale generated nearly 1.5 billion in sales during 2015.
Currently, the snow sports businesses are managed and operated by Jarden’s Outdoor Solutions, a subsidiary of Newell Rubbermaid. No actual sales have been announced as of yet.
Brands for sale:
- K2
- Volkl
- Marker
- Dalbello
- Line
- Full Tilt
- Madshus
- Ride
Find the entire Snow Industry News article here: FIRE SALE ? NEWELL TO SELL OFF WINTERSPORTS BRANDS. K2, VOLKL, MARKER, DAL BELLO, FULL TILT ON MARKET