Stanley Black & Decker / Newell Brands merger inquiry

The CMA is investigating the completed acquisition by Stanley Black & Decker, Inc. of the power tool accessories and hand tools and storage business of Newell Brands, Inc.

Statutory timetable

Phase 1 date Action
10 March 2017 Initial enforcement order
21 April 2017 Deadline for phase 1 decision (*)
22 February 2017 Launch of merger inquiry
15 February to 1 March 2017 Invitation to comment

(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.

Phase 1

Revocation of initial enforcement order

16 March 2017: In view of the evidence available to the CMA at this stage, the CMA revoked the initial enforcement order.

Initial enforcement order

10 March 2017: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Stanley Black & Decker, Inc., Stanley Works Limited (THE) and Stanley Black & Decker UK Limited in relation to the completed acquisition by Stanley Black & Decker, Inc. of the assets of Newell Brands, Inc. business.

Launch of merger inquiry

22 February 2017: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: Now closed

15 February 2017: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Contact

Please send written representations about any competition or public interest to:

Karina Kucaidze
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

karina.kucaidze@cma.gsi.gov.uk

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