NYSE:SWKMachinery
Stanley Black And Decker Reshapes Portfolio With CAM Sale And Plant Exit
Stanley Black & Decker (NYSE:SWK) has completed the sale of its Consolidated Aerospace Manufacturing business for approximately $1.8b in cash.
The company plans to use the proceeds to pay down debt and sharpen its focus on core tools and industrial operations.
Separately, Stanley Black & Decker has closed its last manufacturing plant in New Britain, ending more than 180 years of production in the city.
For investors following Stanley Black & Decker at a share price of $72.35, these moves...