New Britain-based tools and hardware manufacturer Stanley Black & Decker has wrapped up its acquisitions of lawnmower maker MTD and turf care equipment firm Excel Industries.
In a statement, Stanley CEO James M. Loree said the buyouts will bring around 8,100 MTD and Excel employees into the company and add more than 2,500 independent equipment dealer outlets to its network.
NEW BRITAIN, Conn., Dec. 1, 2021 Stanley Black & Decker today announced that it has successfully completed the acquisition of two leading companies in the growing outdoor power equipment industry, including purchasing the remaining 80 percent ownership stake in MTD Holdings Inc ("MTD") and the acquisition of Excel Industries ("Excel"). These transactions establish Stanley Black & Decker as a U.S. based global leader in outdoor products and complement the Company's position as the fastest growing provider of cordless electric outdoor power equipment with strong brands such as DEWALT®, CRAFTSMAN® and BLACK+DECKER®. Stanley Black & Decker's CEO, James M. Loree commented, "The combination of these two high-quality, complementary businesses with our existing outdoor business creates a powerful growth engine with approximately $4 billion in annual revenue across the $25 billion-plus outdoor power equipment industry.
/PRNewswire/ Stanley Black & Decker (NYSE: SWK) today announced that it has successfully completed the acquisition of two leading companies in the growing.
/PRNewswire/ Stanley Black & Decker (NYSE: SWK) today announced that it has successfully completed the acquisition of two leading companies in the growing.
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