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Newell To Expand Home Fragrance Business

Acquires Smith Mountain Industries, maker of WoodWick Candle brand.

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By: Christine Esposito

Editor-in-Chief

Newell Brands Inc. has announced that it will acquire Smith Mountain Industries, a provider of premium home fragrance products, primarily under the WoodWick Candle brand, for $100 million. In addition, Newell announced that it is also acquiring New Zealand-based Sistema Plastics, a provider of innovative food storage containers.   Newell Brands CEO Michael Polk said that the two bolt-on acquisitions will strengthen Newell’s leadership positions in its most important “Win Bigger” categ...

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