Exit · Closed Oct 2016
Newell Brands to sell Tools business (Hilmor, Irwin, Lenox) to Stanley Black & Decker for $1.95B
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Summary
Newell Brands entered a definitive agreement to sell its Tools business — including the HVAC/R Hilmor, Irwin, and Lenox brands — to Stanley Black & Decker for $1.95 billion as part of a portfolio refocus. This is a tools-manufacturer divestiture, not a home-service roll-up.