UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 7, 1998
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NEWELL CO.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-9608 36-3514169
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
29 East Stephenson Street, Freeport, Illinois 61032
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (815) 235-4171
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Item 5. Other Events.
Newell Co. ("Newell") issued a news release announcing that
on May 7, 1998, it acquired Calphalon Corporation, an Ohio corporation
("Calphalon"), through the merger of a wholly owned subsidiary of
Newell with and into Calphalon. A copy of the news release is
attached hereto as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits.
(99) News Release dated May 7, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
NEWELL CO.
(Registrant)
/s/ Dale L. Matschullat
Date: May 11, 1998 By: ----------------------------------
Dale L. Matschullat
Vice President -- General Counsel
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EXHIBIT INDEX
Exhibit
No. Description
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99 News Release dated May 7, 1998
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EXHIBIT 99
NEWS RELEASE
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NEWELL CO. COMPLETES ACQUISITION OF CALPHALON
FREEPORT, IL, May 7, 1998 -- Newell Co. (NYSE: NWL) announced today
that it had completed its acquisition of Calphalon Corporation.
Calphalon, based in Toledo, Ohio, is a leading manufacturer of gourmet
cookware primarily marketed to upscale retailers and department
stores. Calphalon posted 1997 revenues of approximately $110 million.
Newell is a multi-national manufacturer and marketer of high-
volume staple consumer products which are sold through a variety of
retail and wholesale distribution channels. Product groups include
hardware and home furnishings, office products and housewares.