Stanley Black & Decker Sells CAM to Howmet for $1.8B

Stanley Black & Decker has entered into a definitive agreement to sell its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for $1.8 billion in cash. CAM provides critical fasteners, fittings, and engineered components for the aerospace and defense industries. The proceeds from this transaction are expected to significantly reduce Stanley Black & Decker's debt, positioning them to achieve a target leverage ratio of 2.5 times net debt to adjusted EBITDA, which will provide greater flexibility for their capital allocation strategy. The sale is subject to regulatory approvals and customary closing conditions, with an expected closing in the first half of 2026. CAM is projected to generate approximately $405 to $415 million in FY 2025 revenue with an adjusted EBITDA margin in the high-teens. Until closing, CAM's results will remain in continuing operations.