Power tool maker Stanley Black & Decker Inc (SWK.N) is working with investment bank Goldman Sachs Group Inc (GS.N) on a sale process for its mechanical locks business, which could fetch as much as $1 billion, according to people familiar with the matter.

The sale process comes as the New Britain, Connecticut-based company has reignited its deal-making engine, breaking a two-year acquisition lull with a $1.95 billion agreement this week to acquire Newell Brands Inc’s (NWL.N) tool business.

The divestiture process for the unit, which sells and installs locking mechanisms and keying systems, would allow Stanley to raise cash by divesting what it sees as a non-core asset.

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