DivestmentApr 6, 2026, 10:22 AM
Stanley Black & Decker Completes $1.8 Billion Sale of Consolidated Aerospace Manufacturing to Howmet Aerospace
AI Summary
Stanley Black & Decker has completed the sale of its wholly-owned subsidiary, Consolidated Aerospace Manufacturing, to Howmet Aerospace for approximately $1.8 billion in cash. The company intends to use the proceeds to fund debt reduction and achieve target leverage ratios.
Key Highlights
- Stanley Black & Decker sold Consolidated Aerospace Manufacturing, LLC to Howmet Aerospace Inc.
- The transaction was completed on April 6, 2026.
- The sale price was approximately $1.8 billion in cash.
- The company intends to use the proceeds for debt reduction.