Report: Stanley Black & Decker puts a few brands on the block
Stanley Black & Decker, the tools giant that made a splash with a blockbuster merger two years ago, is now attempting to sell a unit of its tool empire, according to an article in the Wall Street Journal.
The unit on the block includes Baldwin, Price Pfister and Kwikset brands, making builders hardware, door locks, bath fixtures and other home products.
The brands are a legacy of Black and Decker. Stanley and Black & Decker merged in 2010 in a $4.5 billion all-stock transaction.
The New Britain, Conn.-based tool manufacturer declined to comment on the report.