Newell Brands Announces Agreement to Sell The United States Playing Card Company to Cartamundi Group
USPC, based in
Citi acted as financial advisor to
This press release and additional information about
Cartamundi is Latin for “Cards for the World”. With a history dating back to 1765, today Cartamundi is a leading manufacturer of playing cards, card games and board games. With a network of owned sales offices, 11 state-of-the-art manufacturing plants and an over 2,200 people strong workforce, Cartamundi is a prominent and growing supplier to the global entertainment market.
This news release contains forward-looking information based on management's current views and assumptions, including statements regarding the expected timeframe for closing of the USPC transaction. Actual results and events may differ materially from those described in the forward-looking statements above. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section and under the caption “Risk Factors” in Newell Brands’ Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for other factors that could affect our business.
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