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

Newell Brands entered a definitive agreement to divest its Tools business, including the Hilmor, Irwin, and Lenox brands, to Stanley Black & Decker for $1.95 billion as part of a portfolio refocus following the Newell Rubbermaid/Jarden combination.

“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”

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