Newell Brands Completes Sale of Tools Business to Stanley Black & Decker

HOBOKEN, N.J.–(BUSINESS WIRE)–Newell Brands Inc. (NYSE:NWL) announced today that it has completed the
sale of its Tools business, including the Irwin®, Lenox® and Hilmor®
brands, to Stanley Black & Decker.

“The sale of the Tools business further strengthens our Newell Brands
portfolio, enabling us to better allocate resources to the businesses
with the greatest potential to win in the marketplace,” said Michael
Polk, Chief Executive Officer, Newell Brands. “We are pleased that our
employees will be joining the Stanley Black & Decker team, a company
truly committed to the Tools category and we are confident that our
Tools people and brands will thrive within Stanley Black & Decker’s
leading global tools business.”

Gross proceeds from the transaction were approximately $1.95 billion,
which includes the retention of accounts receivable. U.S.-based proceeds
will be primarily used to pay down debt and accelerate the deleveraging
of the company. Newell Brands continues to expect to achieve the stated
leverage ratio goal of 3 to 3.5 times EBITDA in 2 to 3 years from the
April 15, 2016 completion of the Jarden Corporation acquisition.

About Newell Brands

Newell Brands (NYSE: NWL) is a leading global consumer goods company
with a strong portfolio of well-known brands, including Paper Mate®,
Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®, Jostens®, Marmot®,
Rawlings®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid
Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®,
Rubbermaid®, Contigo®, First Alert®, Waddington and Yankee Candle®.
Newell Brands makes life better for hundreds of millions of consumers
every day, where they live, learn, work and play.

This press release and additional information about Newell Brands are
available on the company’s website,

Forward-Looking Statements

Forward-looking statements in this press release are made in reliance
upon the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements may relate to, but
are not limited to, information or assumptions about the effects of
sales (including pricing), income/(loss), earnings per share, return on
equity, return on invested capital, operating income, operating margin
or gross margin improvements or declines, Project Renewal, capital and
other expenditures, working capital, cash flow, dividends, capital
structure, debt to capitalization ratios, debt ratings, availability of
financing, interest rates, restructuring and other project costs,
impairment and other charges, potential losses on divestitures, impacts
of changes in accounting standards, pending legal proceedings and claims
(including environmental matters), future economic performance, costs
and cost savings, inflation or deflation with respect to raw materials
and sourced products, productivity and streamlining, changes in foreign
exchange rates, product recalls, expected benefits and synergies and
financial results from recently completed acquisitions and planned
acquisitions and divestitures and management’s plans, goals and
objectives for future operations, performance and growth or the
assumptions relating to any of the forward-looking statements. These
statements generally are accompanied by words such as “intend,”
“anticipate,” “believe,” “estimate,” “project,” “target,” “plan,”
“expect,” “will,” “should,” “would” or similar statements. The Company
cautions that forward-looking statements are not guarantees because
there are inherent difficulties in predicting future results. Actual
results could differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause actual
results to differ materially from those suggested by the forward-looking
statements include, but are not limited to, the Company’s dependence on
the strength of retail, commercial and industrial sectors of the economy
in light of the continuation of challenging economic conditions,
particularly outside of the United States; competition with other
manufacturers and distributors of consumer products; major retailers’
strong bargaining power and consolidation of the Company’s customers;
the Company’s ability to improve productivity, reduce complexity and
streamline operations; the Company’s ability to develop innovative new
products and to develop, maintain and strengthen its end-user brands,
including the ability to realize anticipated benefits of increased
advertising and promotion spend; risks related to the substantial
indebtedness that the Company incurred in connection with the Jarden
Acquisition; risks related to a potential increase in interest rates;
the Company’s ability to complete planned acquisitions and divestitures;
difficulties integrating Jarden and other acquisitions and unexpected
costs or expenses associated with acquisitions; changes in the prices of
raw materials and sourced products and the Company’s ability to obtain
raw materials and sourced products in a timely manner from suppliers;
the risks inherent in the Company’s foreign operations, including
currency fluctuations, exchange controls and pricing restrictions; a
failure of one of the Company’s key information technology systems or
related controls; future events that could adversely affect the value of
the Company’s assets and require impairment charges; United States and
foreign regulatory impact on the Company’s operations including
environmental remediation costs; the potential inability to attract,
retain and motivate key employees; the imposition of tax liabilities
greater than the Company’s provisions for such matters; product
liability, product recalls or regulatory actions; the Company’s ability
to protect its intellectual property rights; changes to the Company’s
credit ratings; significant increases in the funding obligations related
to the Company’s pension plans due to declining asset values, declining
interest rates or otherwise; and those factors listed in our filings
with the Securities and Exchange Commission (including the information
set forth under the caption “Risk Factors” in the Company’s Annual
Report on Form 10-K). Changes in such assumptions or factors could
produce significantly different results. The information contained in
this news release is as of the date indicated. The company assumes no
obligation to update any forward-looking statements contained in this
news release as a result of new information or future events or
developments. In addition, there can be no assurance that the Company
has correctly identified and assessed all of the factors affecting the
Company or that the publicly available and other information the Company
receives with respect to these factors is complete or correct.


For Newell Brands
O’Donnell, +1-770-418-7723
Vice President, Investor Relations
Anthoine, +1-201-610-6768
Global Communications
Liz Cohen, +1-212-445-8044