ATLANTA, November 23, 2005 – Newell Rubbermaid Inc. (NYSE: NWL) today announced it has completed its acquisition of DYMO, a global leader in designing, manufacturing and marketing on-demand labeling solutions, for approximately $730 million. This transaction strengthens the company’s global leadership position in the office products market. Newell Rubbermaid continues to expect the acquisition to be neutral to earnings in 2005 and approximately $0.06 per share accretive in 2006.
Mark Ketchum, chief executive officer of Newell Rubbermaid, said, “DYMO is a strategic extension of our Office Products portfolio and adds depth to our product offering.
We welcome the DYMO associates and look forward to leveraging the great DYMO brand and innovation capability with Newell Rubbermaid’s resources to further grow our leadership position.”
DYMO is fast-becoming the worldwide leader in providing innovative labelling solutions that help people organize and identify their world: home, office or worksite.
DYMO offers a complete range of products, from simple embossers, manual labelmakers and desktop products to industrial portables and computer-connected products. And DYMO labelmakers offer diverse functionality, including: bar coding, address checking,
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