FTR StaffWritten by

Newell Brands to Invest $7.3 Million in Plastics Facility

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KALAMAZOO, Mich.— On the heels of its 2016 purchase of Jarden Corporation, Newell Brands is set to expand its existing 40,000-square-foot plastics design and testing facility at Western Michigan University. 

The expansion is projected to cost in the neighborhood of $7.3 million and create 87 new jobs in the university’s Business Technology and Research Park.

Newell Brands announced the completion of its $15 billion Jarden Corp. acquisition in April of 2016. That merger brought Pure Fishing brands like PENN, Abu Garcia, Berkley, Pflueger, Shakespeare, Stren, and Spiderwire under the banner of Newell, which also operates Sharpie, Rawlings, Mr. Coffee, Marmot, Coleman, Elmer’s and Rubbermaid, among others.

Under the terms of expansion, Newell Brands will receive a 12-year tax abatement from the City of Kalamazoo, valued at approximately $1.5 million. In addition, the State of Michigan has awarded Newell a $1.48 million business development grant.

Newell officials specifically cited the former Jarden portfolio as a reason for expansion.

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