Stanley Black & Decker (NYSE:SWK) has reached an agreement to sell its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for $1.8 billion in cash.
The sale is part of Stanley Black & Decker’s strategic efforts to streamline its operations and reduce debt.
The CAM business is expected to generate FY2025 revenue of approximately $405–$415 million, with an adjusted EBITDA margin approaching the high-teens.
Stanley Black & Decker plans to use the net proceeds from the transaction to reduce its debt, aiming for a leverage ratio of 2.5x net debt to adjusted EBITDA.
The transaction remains subject to regulatory approval and customary closing conditions and is expected to close in the first half of 2026.
Until then, CAM’s results will remain part of Stanley Black & Decker’s continuing operations.