Stanley Black & Decker Completes Acquisitions Of MTD Holdings And Excel Industries, Creating A Global Leader In Outdoor Products
NEW BRITAIN, Conn., Dec. 1, 2021 /PRNewswire/ -- Stanley Black & Decker (NYSE:SWK) 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 commen
