Gowling WLG advises Newell Brands on USD$1.95-billion sale of tools business to Stanley Black & Decker

10 March 2017

On March 10, 2017, Newell Brands Inc. completed the sale of its tools business to Stanley Black & Decker in a USD$1.95-billion transaction. The tools business includes brands Irwin, Lenox and Hilmor.

Stanley Black & Decker is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more.

Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Paper Mate, Sharpie, Elmer's, Coleman, Oster, Sunbeam, Rubbermaid and Yankee Candle.

Gowling WLG acted as Canadian counsel to Newell Brands with a team led by Paul Harricks and Faran Umar-Khitab that included Nick Scissons, Melanie Polowin, Daniel Hayhurst, Mariam Al-Shikarchy, Edward Johnston and Peter Fairey.

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