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Newell Brands sells Goody Products

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Goody generated about $115 million in net sales last year.
Goody generated about $115 million in net sales last year. - ()

Hoboken-based consumer goods company Newell Brands signed a definitive agreement to sell its Goody Products brand to private equity investment firm ACON Investments.

Purchase price for the manufacturer of hair-styling products and tools was not disclosed. Goody’s last year generated about $115 million in net sales.

The sale of Goody’s to the Washington, D.C.-based private equity investment firm is expected to close within 30 days.

Newell did not respond to a request for comment at press time.

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Gabrielle Saulsbery

Gabrielle Saulsbery

Albany, N.Y. native Gabrielle Saulsbery is a staff writer for NJBIZ and the newest thing in New Jersey. You can contact her at gsaulsbery@njbiz.com.

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