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Henrico County-based Baby Jogger Inc. is being bought by the owner of Graco strollers.

Newell Rubbermaid Inc. announced Monday that it plans to buy Baby Jogger for $210 million. The deal should close by the end of the fourth quarter, subject to regulatory approvals.

Baby Jogger, the designer and manufacturer of high-performance strollers, is owned by private-equity firm The Riverside Co., which took a majority stake in a 2012 transaction.

Before the recapitalization, Baby Jogger had operated as a subsidiary of Henrico County-based Dynamic Brands, which owns consumer brands in the golf and juvenile industries. Dynamic bought Baby Jogger in 2003 and rebuilt it from Chapter 11 bankruptcy before selling it in 2012.

Baby Jogger is expected to have net sales of about $90 million in 2014, Newell Rubbermaid said, and its products are sold in 70 countries.

The company’s office and warehouse is on Magellan Parkway in northern Henrico off Parham Road.

Mark Zehfuss, CEO of Baby Jogger, said the company has 47 employees, all based in the Richmond area. He declined to say what, if anything, would happen to the local jobs or whether operations would move to Atlanta, where Newell Rubbermaid is based.