Stanley Black & Decker Announces Agreement to Sell Attachment Tools Business

December 15, 2023

NEW BRITAIN, Conn., Dec. 15, 2023 /PRNewswire/ -- Stanley Black & Decker(NYSE: SWK) today announced it has entered into a definitive agreement to sell STANLEY Infrastructure ("Infrastructure"), the Company's attachment and handheld hydraulic tools business, to Epiroc AB (Nasdaq Stockholm: EPIA) for $760 million in cash.

Donald Allan, Jr., Stanley Black & Decker's President & CEO, stated, "The sale of Infrastructure demonstrates our commitment to maximizing shareholder value through active portfolio management. Simplification is a core tenet of our strategic transformation, and this transaction will help further sharpen our focus on value creation opportunities in our core businesses while supporting our capital allocation priorities. I am confident that Infrastructure is positioned for a future of innovation and growth with Epiroc and would like to thank all our team members for their valuable contributions over the years."

Infrastructure is expected to generate approximately $450 to $470 million in revenue with a mid-to-high teens adjusted EBITDA margin in FY2023. Stanley Black & Decker expects to utilize the cash proceeds of the transaction, net of modest taxes, to reduce debt.

Stanley Black & Decker expects to incur a pre-tax, non-cash charge of approximately $100 to $150 million related to the write-down of the Infrastructure net assets, which will be excluded from adjusted earnings.  Until the transaction closes, the results of Infrastructure will remain in continuing operations and will not be reclassified as discontinued operations. The completion of the Infrastructure transaction is subject to regulatory approval and other customary closing conditions.

About STANLEY Infrastructure

STANLEY Infrastructure designs, manufactures, and sells attachments, typically used on excavators, and handheld hydraulic and battery-powered tools for applications in infrastructure, construction, scrap recycling, demolition, and railroad infrastructure. Its strong and innovative brands include LaBounty, Paladin, Pengo and Dubuis. Learn more at

About Stanley Black & Decker

Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is a global leader in tools and outdoor operating manufacturing facilities worldwide. Guided by its purpose – for those who make the world – the Company's more than 50,000 diverse and high-performing employees produce innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products and engineered fasteners to support the world's makers, creators, tradespeople and builders. The Company's iconic brands include DEWALT®, BLACK+DECKER®, CRAFTSMAN®, STANLEY®, CUB CADET® and HUSTLER®. Recognized for its leadership in environmental, social and governance (ESG), Stanley Black & Decker strives to be a force for good in support of its communities, employees, customers and other stakeholders. To learn more visit:

Investor Contacts

Dennis Lange

Christina Francis

Vice President, Investor Relations

Director, Investor Relations

(860) 827-3833

(860) 438-3470

Media Contacts:

Debora Raymond

Vice President, Public Relations

(203) 640-8054


Cautionary Note Regarding Forward-Looking Statements 

Stanley Black & Decker makes forward-looking statements in this press release which represent its expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements made in this press release, include, but are not limited to, statements concerning: consummation of the Infrastructure sale transaction; the Company's ability to maximize value for shareholders through active portfolio management and the impact of the transaction to fund debt reduction; supporting the Company's capital allocation strategy; and Infrastructure revenue and EBITDA margin expectations.

You are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and other known and unknown factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements, including, but not limited to, the failure to consummate, or a delay in the consummation of, the Infrastructure sale transaction for various reasons; (including but not limited to failure to receive, or delay in receiving, required regulatory approvals and meet customary closing conditions); and failure to realize the expected benefits of the Company's value creation, debt reduction and capital allocation strategy.

Forward-looking statements made herein are also subject to risks and uncertainties, described in: Stanley Black & Decker's 2022 Annual Report on Form 10-K, its subsequently filed Quarterly Reports on Form 10-Q; and other filings Stanley Black & Decker makes with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. Stanley Black & Decker makes no commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement.

The Company has provided an expectation of forward-looking adjusted EBITDA margin, which is a non-GAAP measure.  A reconciliation of the differences between this non-GAAP forward-looking measure and the corresponding GAAP measure (expected net income) is generally not available without unreasonable effort due to potentially high variability and complexity as to the items that would be excluded from the GAAP measure on a forward-looking basis, and would imply a degree of precision that is inappropriate for this forward-looking measure.


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