Newell Brands Sells Minnesota-Based Jostens

Newell Brands Sells Minnesota-Based Jostens Photo: Wikimedia Commons

November 08, 2018 10:23 AM

Newell Brands announced Tuesday that it plans to sell Jostens.

According to a news release from Newell Brands, officials with the company signed a definitive agreement to sell the Jostens to Platinum Equity, a global investment firm. 

Advertisement

Jostens, a Twin Cities-based company, is known for the sale of commemorative products. 


More from KSTP


According to Newell Brands, the gross proceeds from the sale are expected to be $1.3 billion. 

Along with the sale of Jostens, Newell Brands is also selling Pure Fishing. Pure Fishing owns a number of well-known fishing brands, including Abu Garcia, Berkley, Fenwick, Pflueger, Ugly Stik and more. 

 

Connect with KSTP


Join the conversation on our social media platforms. Share your comments on our Facebook, Instagram, and Twitter pages.

Credits

Ben Rodgers

Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company

Advertisement

Congresswoman Omar focuses on pay inequity, doesn't address controversies during town hall

Former employee says Grand Old Day was 'mismanaged'

Thursday kicks off a cold wave

Firefighters who responded after boy was thrown from third floor at MOA share their stories

Walz orders flags at half-staff Friday for fallen DNR officer

Grand Old Day anyway? Could some part of canceled celebration be salvaged?

Advertisement