Stanley Black & Decker Completes $1.8B Sale of Aerospace Unit to Howmet

Stanley Black & Decker (SWK) has successfully finalized the divestiture of its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace (HWM) for $1.8 billion. The company confirmed that net proceeds from the transaction amount to approximately $1.57 billion after accounting for taxes and fees. Stanley Black & Decker plans to utilize these funds primarily to reduce its outstanding debt, strengthening its overall financial position. This move is part of a broader strategy to streamline operations and focus more effectively on core business segments. By prioritizing debt reduction, the company aims to enhance its financial flexibility and drive long-term shareholder value. Meanwhile, the acquisition allows Howmet Aerospace to further expand its specialized footprint within the global aerospace manufacturing industry.