NEW BRITAIN, Conn. — Stanley Black & Decker has finalized the purchase of Newell Brands’ tool business. The $1.95 billion transaction closed hours after Stanley’s purchase of the Craftsman line from Sears Holdings became final. Announced in October, the Newell acquisition was Stanley’s first major purchase since it bought out Hong Kong-based fastener manufacturer Infastech in 2013.
Stanley closes Newell Tools purchase
Most Recent
Most Read
GMS acquisition will expand Home Depot’s Canadian footprint
Wed, July 02nd, 2025
CGC to acquire Imperial Building Products
Wed, July 02nd, 2025
Target eyes direct shipments to lower costs
Wed, July 02nd, 2025
Peak Group names human resources VP
Wed, July 02nd, 2025
Home Depot subsidiary to acquire GMS
Mon, June 30th, 2025
Cloverdale launches pilot in Costco stores
Mon, June 30th, 2025
Canada gets its first online department store
Mon, June 30th, 2025
AMI launches accessories for Ascend Composite Cladding System
Mon, June 30th, 2025
Home Hardware announces casting call
Fri, June 27th, 2025
RONA donates ad space to local trades
Fri, June 27th, 2025