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Stanley Black & Decker completes $1.8B sale of aerospace components business
Stanley Black & Decker has finalized the sale of its Consolidated Aerospace Manufacturing (CAM) business to Howmet Aerospace for approximately $1.8 billion in cash. The New Britain-based toolmaker plans to use the net proceeds, approximately $1.57 billion after taxes and fees, to reduce its outstanding debt. This divestiture helps the company to focus more on its core businesses.