Aerospace manufacturer Howmet Aerospace plans to acquire the aerospace components division of tool maker Stanley Black & Decker in a deal worth $1.8 billion, the companies announced Monday.
Howmet officials said that the addition of Consolidated Aerospace Manufacturing LLC represents a “major step” toward expanding its “differentiated fastener portfolio.” CAM designs and produces precision fasteners, fluid fittings and other complex engineered products for aerospace and defense applications.
Howmet expects CAM to generate revenue of approximately $485 million to $495 million in the 2026 fiscal year.
“CAM’s established brands, engineering prowess and deep customer relationships are a perfect complement to our existing business,” Howmet Executive Chairman and CEO John Plant said in a statement. “This transaction will allow us to better serve our aerospace and defense customers with a broader offering of mission-critical fastening solutions.”
The transaction is expected to close in the first half of 2026, subject to regulatory approval and customary closing conditions.
Stanley Black & Decker officials said that the deal would “significantly reduce our debt, positioning us to achieve our target leverage ratio.”
“After achieving this critical financial goal, we will have greater flexibility to pursue additional value-creation opportunities through a more agile capital allocation strategy,” said SBD President and CEO Chris Nelson. “I am confident that CAM, along with its talented team, will thrive as part of Howmet Aerospace."
