Stanley Black & Decker Sells CAM Division for $1.8B

The sale of the Consolidated Aerospace Manufacturing business will help the company reduce debt.

Apr. 7, 2026 at 8:40pm

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A highly detailed, photorealistic studio photograph of a polished, geometric metal aerospace component, arranged elegantly on a clean, monochromatic background and dramatically lit to symbolize the abstract concepts of corporate strategy and financial positioning.The sale of Stanley Black & Decker's aerospace manufacturing division reflects the company's strategic shift to focus on its core industrial and consumer product lines.Today in Pittsburgh

Stanley Black & Decker has completed the sale of its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for approximately $1.8 billion in cash. The company plans to use the net proceeds of around $1.57 billion to pay down debt, helping it achieve its target leverage ratio by the end of the year.

Why it matters

The divestment of CAM is part of Stanley Black & Decker's strategy to focus on its core businesses and improve its financial position. The company has been streamlining its operations in Connecticut, including the planned closure of a manufacturing plant in New Britain.

The details

Stanley Black & Decker announced that the sale of CAM to Pittsburgh-based Howmet Aerospace, which has offices in Branford and Winsted, Connecticut, will significantly reduce the company's debt. The move is expected to help Stanley Black & Decker achieve its target leverage ratio of around 2.5 times net debt to adjusted EBITDA by the end of the year.

  • Stanley Black & Decker notified the Connecticut Department of Labor on March 3 about the planned closure of its 600 Myrtle Ave. plant in New Britain.
  • The plant closure and layoffs of 222 assembly jobs are expected to be permanent.

The players

Stanley Black & Decker

A major American manufacturer of industrial tools and household hardware, with its world headquarters located in New Britain, Connecticut.

Howmet Aerospace

A Pittsburgh-based aerospace company that operates offices in Branford and Winsted, Connecticut, and has acquired Stanley Black & Decker's Consolidated Aerospace Manufacturing (CAM) business.

Chris Nelson

The President and CEO of Stanley Black & Decker.

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What they’re saying

“The successful sale of CAM further focuses our portfolio on our core businesses. The proceeds from this transaction are expected to significantly reduce our debt, positioning us to achieve our target leverage ratio of at or around 2.5 times net debt to adjusted EBITDA by year end, and enabling additional capital allocation opportunities. We remain committed to disciplined capital allocation and accelerating value creation for our shareholders.”

— Chris Nelson, President and CEO, Stanley Black & Decker

What’s next

Stanley Black & Decker expects the closure of its 600 Myrtle Ave. plant in New Britain to be permanent, resulting in the termination of all 222 assembly jobs at the site.

The takeaway

This divestment is part of Stanley Black & Decker's broader strategy to streamline its operations and focus on its core businesses. The sale of the CAM division and the planned plant closure in Connecticut reflect the company's efforts to improve its financial position and create more value for shareholders.