Brooke Sutherland, Columnist

Stanley's Tool Deal Measures Up

It stands to benefit more from buying Newell Brands' business than Sears's Craftsman line.

October 12, 2016 at 3:37 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

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Newell Brands certainly kicked off its rummage sale with a bang.

Just last week, the $25 billion maker of Sharpie markers, Coleman coolers and other consumer products detailed its plan to divest chunks of its portfolio following its acquisition of Jarden. Weeding out lower-margin businesses to pay down debt is a smart move, but it wasn't clear what kind of valuations the company would be able to get for its hand-me-downs.