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Stanley Black & Decker to acquire Newell Tools
Stanley Black & Decker has announced its intended acquisition of the hand tools and accessories division of Newell Brands; Newell Tools, pending regulatory approval and other customary closing conditions.
Irwin Dupla Double-Sided Hacksaw Blade
“Newell’s iconic cutting, hand tools and power tool accessory brands Lenox and Irwin will sit alongside our industrial, construction and DIY brands which include: FACOM, Mac Tools, Bostitch, Stanley, DEWALT, and Black+Decker, among others,” says Manoj Panikkal, GM sub-Saharan Africa Stanley Black & Decker.
Between now and when the acquisition closes, both companies remain independent in all respects and will continue to operate their respective businesses in a completely separate manner.
“Once approved our combined portfolios will enable us to dramatically enhance our product offering with even more comprehensive product solutions that will be delivered with our world-class service levels. We look forward to sharing the considerable opportunities that this acquisition will bring our organisations and to continuing to build our relationship with retailers and customers as Lenox and Irwin join Stanley Black and Decker after the acquisition closes,” continues Panikkal.
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