The Winter Sports business includes brands like Full Tilt, Madshus and Atlas. Sales from the company's 11 brands totaled $330 million in 2016. Annual adjusted earnings before interest, taxes, depreciation and amortization totaled $25 million in 2016.
Newell also announced that it signed a separate transaction agreement to sell its Zoot and Squadra apparel brands to an undisclosed party.
Retail's downturn giving you the blues? Jim Cramer has a list of retailers that are currently oversold, giving investors a leg up one of the market's most volatile sectors.