Newell Brands Selling Pure Fishing

Tue 5-8-2018

            (Atlanta, Ga.)-- A Spirit Lake manufacturer is on the selling block.

Newell Brands announced last week it is selling Pure Fishing as part of a plan to reduce its operations and work force.

Newell Brands acquired Pure Fishing from Jarden Corporation in 2016. A Wall Street Journal Report says Newell Brands shares fell 40 percent since then.

Pure Fishing has a number of brand names under its umbrella, including Abu Garcia, Berkley, Fenwick, Hardy, PENN, Pflueger, Shakespeare, Spiderwire and Stren with a total valuation said to be well over a half a billion dollars.