Stanley Black & Decker jumps as Howmet to buy co's unit for $1.8 billion

Howmet Aerospace

22/12/2025 15:15

** Shares of power tools maker Stanley Black & Decker's SWK.N up nearly 6% at $77

** Airplane parts maker Howmet Aerospace HWM.N down nearly 1% at about $202

** Howmet to acquire Consolidated Aerospace Manufacturing from Stanley Black & Decker for about $1.8 billion in cash

** The deal, expected to close in the first half of 2026, will help Stanley Black & Decker significantly cut its debt

     ** Consolidated Aerospace Manufacturing makes fasteners, fittings and other engineered components for aerospace and defense industries

** "The acquisition of CAM is a major step in our strategy to build out our differentiated fastener portfolio," said Howmet CEO John Plant

** Including session's moves, SWK shares down 4% YTD, while HWM up 86%

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))