Gillette
This article was originally published in The Rose Sheet
Executive Summary
Stationary business purchased by Newell Rubbermaid following exclusive negotiations since June, the company announces Aug. 22. Newell Rubbermaid, which Gillette purchased from Parker in 1993 for $450 mil., includes Paper Mate, Parker and Waterman writing instruments and Liquid Paper correction products. An internal review of the stationary unit and part of the Braun shaving business commenced in October following a series of quarterly sales declines. Gillette decided to retain the Braun business as a supporting line (1"The Rose Sheet" July 24, In Brief)