The past week has been an active one for tool company acquisitions.

Stanley Black & Decker has acquired Newell Brands tool unit in a deal worth close to $2 billion. With this move, Stanley Black & Decker brings Lenox and Irwin into its stable of brands that already included DeWalt, Porter-Cable, Bostich, Proto, and of course, Stanley and Black & Decker.

In an Oct. 13 press release Stanley said:

Stanley Black & Decker’s President and Chief Executive Officer, James M. Loree commented, “Newell Tools is an important step in our quest to further strengthen our presence in the global tools industry. The addition of the iconic Lenox® brand and very strong Irwin® brand, as well as their associated power tool accessory and hand tool products, opens up exciting new sources of global growth in similar ways, albeit on a smaller scale, to what Black & Decker did in recent years.

Brands like Lenox and Irwin are of obvious interest to Stanley Black & Decker. Newell is a very large company, though, and other brands of significance fall under the Newell umbrella such as Elmer’s, Sharpie, X-Acto, Coleman, Sunbeam, Rubbermaid, First Alert, and many more. These could certainly widen the reach of Stanley Black & Decker.

In other news, Laguna Tools released a joint statement with Hudson Ferry Capital:

Laguna Tools Inc. is pleased to announce that it received an investment from Hudson Ferry Capital, a New York-based private equity firm, on March 31, 2016. Hudson Ferry Capital partners with entrepreneurial owners and managers to make investments in established privately owned lower middle market companies. The management team of Laguna Tools has retained a significant equity ownership in the company. Terms of the transaction were not disclosed.

“We are excited to be partnering with Hudson Ferry Capital and working with them to execute our growth plans,” said Torben Helshoj. “They are experienced investors and we look forward to working with them as we continue to expand our product lines and grow our customer base. No changes are planned with regard to our approach to the business.”

“Laguna Tools has built a great portfolio of CNC machinery and woodworking equipment and tools,” said Bruce Robertson, Partner at Hudson Ferry Capital. “We believe Torben, Catherine, Stephen and their team have done an excellent job building a company with a premier brand name. We look forward to working with Laguna to continue the company’s success.”

Laguna has recently been very active in the woodworking machinery market, releasing new products to the market, such as the 14BX bandsaw, that have been highly regarded.