In 2015, Newell Rubbermaid sold consumer goods under a long listof leading brand names such as Rubbermaid, Sharpie, Calphalon,Paper Mate, and Elmer's. The following year, when the companymerged with Jarden Corporation—owner of Yankee Candle, Oster,Rival, Marmot, Crock-Pot, and many others—it formed aconsumer-goods powerhouse.
Headquartered in Hoboken, New Jersey, Newell Brands now sellsnearly $15 billion of products around the world each year. Itsglobal reach means it generates complex cash flows and substantialforeign exchange (FX) risk. Prior to the merger, both Newell andJarden relied predominantly on outdated, manual treasury processes.Post-merger, the treasury teams found themselves grappling witheven broader and more complex processes.
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Meg Waters
Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.
