Graco Agrees to Pay $3 Million Fine for Delayed Reporting and Invest $7 Million to Increase Child Passenger Safety

Graco Agrees to Pay $3 Million Fine for Delayed Reporting and Invest $7 Million to Increase Child Passenger Safety

Graco Agrees to Pay $3 Million Fine for Delayed Reporting and Invest $7 Million to Increase Child Passenger Safety March 20, 2015 ATLANTA, March 20, 2015 /PRNewswire/ -- Graco Children's Products, Inc., a subsidiary of Newell Rubbermaid (NYSE: NWL), has reached an agreement with the National Highway Traffic Safety Administration in connection with the company's reporting of consumer complaints about difficulty opening car seat buckles. As part of the agreement, the company agrees to pay a $3 million fine and invest $7 million in child passenger safety programs and education. "We have worked closely with NHTSA throughout this process and regret that we fell short of NHTSA's expectations for data collection and reporting procedures," said Laurel Hurd , president of Graco Children's Products. "We accept this fine and the additional funding requested by NHTSA for a joint venture involving child passenger safety initiatives in the future. We are eager to work with NHTSA and pleased with their decision to focus this money on children's safety." About Newell Rubbermaid Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2014 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Contigo®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica®, Baby Jogger® and Dymo®. As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance. This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/graco-agrees-to-pay-3-million-fine-for-delayed- reporting-and-invest-7-million-to-increase-child-passenger-safety-300053588.html SOURCE Newell Rubbermaid Ashley Mowrey, Manager, PR and Consumer Engagement, [email protected], 770-418-7268; Nancy O'Donnell, Vice President, Investor Relations, (770) 418-7723.

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    1 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us