Stanley Black & Decker Agrees to Acquire Tools Business of Newell Brands - Modern Distribution Management

Log In

Search
Building Materials/Construction

Stanley Black & Decker Agrees to Acquire Tools Business of Newell Brands

Company to pay $2 billion for tools division that includes Irwin and Lenox brands.
Author
Date

Stanley Black & Decker (NYSE: SWK), New Britain, CT, has agreed to acquire the tools business of Newell Brands Inc. (NYSE: NWL), Hoboken, NJ, which includes the industrial cutting, hand tool and power tool accessory brands Irwin and Lenox, for $2 billion.

"Newell Tools is an important step in our quest to further strengthen our presence in the global tools industry," said Stanley Black & Decker President and CEO James Loree.

Newell announced a series of changes following a strategic review of its business since the completion of the Newell Rubbermaid and Jarden combination in April; that included selling about 10 percent of its portfolio.

Share this article

About the Author
Picture of MDM Staff

MDM Staff

Recommended Reading
Leave a Reply

Leave a Comment

Log In

Read the latest articles and see your reports.

Log In

Popular Now

MDM Directories

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Sign Up

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events
Subscribe

Log in

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events
Subscribe

Log in

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts
Subscribe

Log in

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Subscribe

Log in

Back to MDM.com

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!