Stanley Black & Decker Buys Newell Brands Irwin & Lenox for $1.95B
Stanley Black & Decker has just penned a deal to buy the tool brands of Newell (well known for it’s Rubbermaid brand) which includes the ever popular lines of Lenox and Irwin. These two new lines will compliment the Stanley, Black & Decker and Dewalt lines offering a vast array of accessories and hand tools. The deal is still subject to final approval with regulatory authorities but should go into effect the first half of 2017. This recent acquisition will be it’s first major one since acquiring Power Fasteners back in 2012 or Infastech in 2013. The addition of The former Newell brands should bring $50 to $100 million annually to the already $750+ million revenue. It will be interesting to see how the overlap will play out with Dewalt and Lenox on the cutting accessories as well as Dewalt and Irwin with the hand tool overlap. If anyone can pull this off successfully I would say it would be Stanley Black & Decker. The global growth this could bring them will be something to watch as they move forward.