Stanley Black & Decker (SWK) announced it has entered into a definitive agreement to sell its Consolidated Aerospace Manufacturing business to Howmet Aerospace (HWM) for $1.8B in cash. CAM provides critical fasteners, fittings, and other engineered components for the aerospace and defense industries. CAM is expected to generate FY 2025 revenue of approximately $405M-$415M, with an adjusted EBITDA margin percentage approaching the high-teens. Stanley Black & Decker expects to utilize the net cash proceeds of the transaction to reduce debt. Until the transaction closes, the results of CAM will remain in continuing operations and will not be reclassified as discontinued operations. The transaction is expected to close in the first half of 2026 and is subject to regulatory approval and other customary closing conditions.
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