One Rock Capital – Acquisition of Newell Brands’ Process Solutions Business
US based middle-market PE shop One Rock Capital has announced the acquisition of Newell Brands’ process solutions business. Financial details of the transaction have not been disclosed, however Newell has reported to expect to receive post tax proceeds of c.a. $500m. The process solutions business unit of Newell Brands focuses on plastic, zinc and nylon products for consumer and industrial use.