Stanley Black & Decker to Sell Excel Industries Business

By Bobby Samwell • Friday, September 04 16:00 • Permanent Link

Stanley Black & Decker said it has agreed to sell its Excel Industries business to Bad Boy Mowers, in a deal that would remove a turf-care unit expected to generate about $300 million in fiscal 2026 revenue.

Excel is the business behind the Hustler brand of professional-grade gas-powered ride-on and zero-turn mowers. Stanley Black & Decker said the sale is part of a broader effort to sharpen its portfolio around its largest brands and businesses.

The company said it expects the transaction to be neutral to adjusted earnings per share. Until the deal closes, Excel will remain in continuing operations.

Stanley Black & Decker’s outdoor lineup after the sale will still include Cub Cadet, DeWalt, Craftsman, Troy-Bilt and Black+Decker, with the company saying it will keep investing in electric outdoor products and in residential ride-on and zero-turn mowers.

Bad Boy Mowers said it is adding Hustler and its team to its business, describing the acquisition as a way to expand its position in professional-grade mowers. Today the company's shares have moved 0.97% to a price of $97.44. If you want to know more, read the company's complete 8-K report here.

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