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Byline: -- Robin M. Grugal -- Robin M. Grugal
Newell Rubbermaid Inc. (Companies in the News, Feb. 21) is cleaning house again.
Earlier this week, the company signed a deal to sell its Anchor Hocking glass unit to Libbey Inc. for $332 million in cash.
It seems that drinking glasses and baking equipment no longer fit into the company's long-term growth strategy.
Officials with the maker of Rubbermaid storage products, Levelor blinds and Paper Mate pens say they prefer to stick with larger consumer brands, building on them over time.
Newell seeks to trim costs by at least $100 million a year and use the savings to invest in more product development and …