Newell Brands sells Goody Products

Gabrielle Saulsbery//August 14, 2018//

Newell Brands sells Goody Products

Gabrielle Saulsbery//August 14, 2018//

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Hoboken-based consumer goods company Newell Brands signed a definitive agreement to sell its Goody Products brand to private equity investment firm ACON Investments.Hoboken-based consumer goods company Newell Brands signed a definitive agreement to sell its Goody Products brand to private equity investment firm ACON Investments.

Purchase price for the manufacturer of hair-styling products and tools was not disclosed. Goody’s last year generated about $115 million in net sales.

The sale of Goody’s to the Washington, D.C.-based private equity investment firm is expected to close within 30 days.

Newell did not respond to a request for comment at press time.