October 30, 2018 / 9:50 PM / 13 days ago

Newell Brands nears deal to sell Jostens to Platinum Equity -sources

Oct 30 (Reuters) - Newell Brands Inc is nearing a deal to sell Jostens, a U.S. manufacturer of memorabilia such as class rings and yearbooks, to private equity firm Platinum Equity LLC for around $1.3 billion, two people familiar with the matter said on Tuesday.

The sources, who asked not to be identified because the matter is confidential, cautioned that there was always a chance that negotiations end without a deal.

Newell Brands did not immediately respond to requests for comment. Platinum Equity declined to comment. (Reporting by Joshua Franklin and Harry Brumpton in New York, Editing by Rosalba O’Brien Additional reporting by Mike Spector in New York)

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