Stanley Black & Decker believes in acquiring meaningful businesses for expansion. In Oct 2016, the company agreed to acquire the tools business of Newell Brands, known as Newell Tools. The acquisition will add incremental earnings of 15 cents per share in year one after the closing of the transaction (expected in first-half 2017), while this will likely increase to 50 cents per share by year three. Also, the acquisition is expected to yield annual cost synergies of approximately $80-$90 million by year three.