Stanley Black & Decker Sells CAM Business for $1.8 Billion

By Chris Stiles • Monday, December 22 09:29 • Permanent Link

Stanley Black & Decker has announced the sale of its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for $1.8 billion in cash. This move is aimed at enhancing shareholder value and focusing on growing the company's major brands and businesses. The proceeds from the sale are expected to significantly reduce the company's debt, positioning it to achieve a target leverage ratio of 2.5 times net debt to adjusted EBITDA.

CAM is anticipated to generate FY 2025 revenue of approximately $405 to $415 million, with an adjusted EBITDA margin percentage approaching the high-teens. The company plans to utilize the net cash proceeds from the transaction to reduce debt.

The transaction is expected to close in the first half of 2026, subject to regulatory approval and other customary closing conditions. Until the closure of the transaction, the results of CAM will remain in continuing operations and will not be reclassified as discontinued operations.

Stanley Black & Decker, founded in 1843, is a worldwide leader in tools and outdoor equipment, with approximately 48,000 employees. The company's portfolio of brands includes Dewalt, Craftsman, Stanley, Black+Decker, and Cub Cadet. Today the company's shares have moved -0.13% to a price of $72.845. For more information, read the company's full 8-K submission here.

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