Newell expects to make $500 million from sale of process solutions business, stock gains

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Newell foresees $500 million in proceeds from sale of process-solutions business

Newell Brands Inc. NWL, +0.71% said Monday it expects $500 million in proceeds from a deal to sell its process solutions business to private equity firm One Rock Capital LLC. Shares of the consumer products company, which brands include Sharpie, Elmer's, Graco and Rubbermaid, rose 1.2% in premarket trade. The process solutions business makes custom-designed plastic, nylons, monofilaent and zinc products for industrial and consumer uses.

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