Newell Brands to sell Tools business (Hilmor, Irwin, Lenox) to Stanley Black & Decker for $1.95B

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.

“Newell Brands Inc. announced it has entered into a definitive agreement to sell its Tools business, including the Hilmor®, Irwin®, and Lenox® brands, to Stanley Black & Decker for $1.95 billion.”

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