Newell Rubbermaid, which has offices at 1600 Wilson Way SE in Smyrna, on Tuesday announced the company has agreed to conduct a recall of harness buckles used on certain infant car seats made between July 2010 and May 2013. This voluntary recall reflects the satisfactory resolution of the company’s ongoing safety discussions with the National Highway Traffic Safety Administration. The estimated costs of the recall were
accrued in the company’s previously announced first quarter results and any further impact on net sales is expected to be immaterial.
“We are pleased to have reached a resolution of the infant car seat buckle investigation with NHTSA, consistent with the financial assumptions we communicated with our first quarter earnings announcement,” said Michael Polk, Newell Rubbermaid’s president and CEO. “We remain focused on growing the Graco brand and driving
the Growth Game Plan into action to transform Newell Rubbermaid into a larger, faster growing, more profitable and more global company.”
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a
strong portfolio of leading brands. For more information, visit www.newellrubbermaid.com.