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New owner prepares to integrate Jarden into business

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Newell Brands has announced 30 redundancies within Pure Fishing’s marketing department in it Columbia, S.C. headquarters.

Newell Rubbermaid – the US company that is set to take over the owners of Pure Fishing – has started to build a team that will oversee the integration of the Jarden Corporation into its business.

Russ Torres has been appointed to the newly created role of Chief Transformation Officer and he will be responsible for leading all integration efforts for the future Newell Brands organisation, including delivering the revenue and cost synergies associated with the pending acquisition.

The $15.4 billion takeover, which was announced at the beginning of the year, is expected to be completed in the second financial quarter of 2016.

Torres, who will take up his new role at the beginning of next month, was previously a partner at one of the world’s top management consulting firms. His appointment is expected to be one of a number to the integration team in the coming months.

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