Newell Brands Selling Pure Fishing
(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.