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Newell Brands

Newell Brands sells tool business for $1.95 billion

Newell Brands sells tool business for $1.95 billion

HOBOKEN, N.J. — As part of its recently announced growth strategy, Newell Brands Inc. plans to sell its tool brands to Stanley Black & Decker in a $1.95 billion deal. Newell said Wednesday that the agreement includes its Irwin, Lenox and Hilmor brands. The company is retaining its Dymo Industrial labeling business, which was reported

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