Stanley Black & Decker (NYSE: SWK), New Britain, CT, reported sales for the third quarter of $2.9 billion, a 1.9 percent increase over the same period a year ago. Profit increased 8.9 percent to $248.9 million.

Tools & Storage sales for the quarter increased 3 percent year-over-year to $1.9 billion. Industrial segment sales decreased 4 percent to $462 million. And security sales increased 2 percent to $523 million.

The company announced earlier this month it 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.

For the first nine months, sales were up 1.9 percent to 8.5 billion. Profit was $709.8 million, up 14.8 percent over the first half of 2015.