Cartamundi To Buy Newell’s United States Playing Card Co.

Newell Brands has signed a definitive agreement to sell The United States Playing Card Co. to the Cartamundi Group.

The move comes as the company continues to make progress on its accelerated transformation plan, designed to create a simpler, faster, stronger consumer-focused portfolio of leading brands, Newell stated.

Cartamundi is a playing card and board game manufacturer. Newell noted that it expects the transaction to close in this year’s second half.