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Stanley Black & Decker Completes Sale of Attachment Tools Business to Epiroc AB
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2024-04-12
Stanley Black & Decker announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash. Stanley Black & Decker expects to utilize the cash proceeds, net of modest taxes, to reduce debt.
Headquartered in the USA, Stanley Black & Decker is a worldwide leader in Tools and Outdoor, operating manufacturing facilities globally. The company's more than 50,000 diverse and high-performing employees produce innovative end-user inspired power tools, hand tools, storage, digital jobsite solutions, outdoor and lifestyle products, and engineered fasteners to support the world's builders, tradespeople and DIYers. The company's world class portfolio of trusted brands includes DEWALT®, CRAFTSMAN®, STANLEY®, BLACK+DECKER®, and Cub Cadet®.
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