Newell Brands Completes Divestiture of the Connected Home & Security Business

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Apr 01, 2022

Newell Brands Inc. (NASDAQ: NWL) announced today that it has completed the sale of the Connected Home & Security business (CH&S) to Resideo Technologies, Inc. (NYSE: REZI) for a purchase price of $593 million, subject to customary working capital and transaction adjustments. The CH&S business, based in Aurora, Illinois, produces and distributes smoke and carbon monoxide combo alarms, fire suppressants, fireproof safes and other home safety products under the BRK and First Alert brands.