Nova Capital has closed its purchase of Newell Rubbermaid’s hardware unit for $214 million. The hardware business includes Amerock, Ashland, Bulldog and Shur-Line brands. Nick Morrisroe, formerly of Newell Rubbermaid, will continue to serve as vice president and general manager for the combined hardware businesses. Also, David Jacobs and Richard Lobo have joined the boards of the businesses as Nova’s investment partners, while Ronald Foy of Nova is now an operating partner.
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