Stanley Black & Decker $1.95 billion acquisition of Newell Brands' tool business

Overview:

• Stanley Black & Decker has completed its $1.95 billion acquisition of the tool business from rival Newell Brands.
• The sale is part of a concerted effort on the part of Newell to narrow its range of products.
• Stanley financed the purchase through a combination of cash and debt.
• The deal was first announced in October 2016.

Kurt Stumpo - Journalist