United Solutions, Inc. entered into a definitive agreement to acquire Rubbermaid® Consumer Storage Totes Business from Newell Brands Inc. (NYSE:NWL) on January 13, 2017. In conjunction with the sale, the parties will enter into a five-year licensing agreement for use of the Rubbermaid® brand name. The Rubbermaid® consumer storage business represents approximately $70 million in annual sales. Erik Belenky of Jones Day acted as legal advisor to Newell Brands Inc.