Newell Brands to sell Process Solutions to private equity firm.

Byline: Jessica Perry

Consumer goods company Newell Brands has signed a definitive agreement to sell its materials manufacturing business Process Solutions to private equity firm One Rock Capital Partners LLC.

After tax, proceeds for the divestiture are expected to be $500 million. In 2018, net sales for Process Solutions were approximately $640 million.

Process Solutions manufactures custom-designed plastic, nylons, monofilament and zinc products that solve both industrial and consumer challenges. Brands under Process Solutions include Plastic Solutions, Lifoam, Consumer...