Stanley Black & Decker completes sale of CAM business to Howmet for $1.8 billion cash

Reuters04-06

Stanley Black & Decker completes sale of CAM business to Howmet for $1.8 billion cash

Stanley Black & Decker completed sale of Consolidated Aerospace Manufacturing business to Howmet Aerospace for about USD 1.8 billion cash.
Net proceeds of about USD 1.57 billion, net of taxes and fees, earmarked for debt reduction.
Transaction aimed at sharpening focus on core operations in Tools and Outdoor.
Debt paydown expected to support target leverage of about 2.5x net debt to adjusted EBITDA by year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stanley Black & Decker Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202604060850PR_NEWS_USPR_____NE27425) on April 06, 2026, and is solely responsible for the information contained therein.

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