The acquired business will become part of the Home Solutions segment with Contigo and Avex joining the company's Rubbermaid, Calphalon, Goody and Levolor brands.
For the first time ever, Walmart opened its doors to more than 500 manufacturers at its world headquarters during the companys first-ever Made in the USA open call.
This new proposal comes just days after Tyson Foods Inc.'s competing offer for Hillshire, which exceeded Pilgrim's Pride's initial offer of $6.4 billion at a total value of $6.8 billion.
Organizations need to be able to reduce time to market by executing the most efficient and innovative new product development process possible to help them capitalize on as many trend cycles as possible.