Stanley Black & Decker has entered into a definitive agreement to sell its Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion in cash.
The sale is part of Stanley Black & Decker's strategy to enhance shareholder value and focus on growing its core brands and businesses.
The transaction is expected to significantly reduce the company's debt and improve its financial flexibility.
Sale Agreement
Stanley Black & Decker to sell Consolidated Aerospace Manufacturing business to Howmet Aerospace for $1.8 billion.
Financial Strategy
Proceeds from the sale to reduce debt and improve leverage ratio, enabling pursuit of value-creation opportunities.
Revenue Outlook
CAM expected to generate FY 2025 revenue of approximately $405 to $415 million.
- The sale of CAM will reduce Stanley Black & Decker's debt burden, improving its financial position and flexibility for future investments and growth.
- The company's focus on core brands and businesses indicates a strategic shift towards maximizing shareholder value and long-term sustainability.
The agreement to sell CAM marks a strategic move by Stanley Black & Decker to strengthen its financial standing and focus on core operations, positioning it for future growth and value creation opportunities.