Stanley Secures MTD Acquisition
Stanley
Stanley Acquires MTD
Stanley – August 18, 2021
Stanley Black & Decker announced its agreement to purchase the remaining 80 percent ownership stake in MTD Holdings Inc. (“MTD”), including Cub Cadet and Troy-Bilt, for $1.6 billion in cash. Stanley currently owns the Craftsman brand, having initially acquired a 20 percent stake in MTD in 2019.
Stanley Secures MTD Acquisition
Stanley Acquires MTD
Stanley – August 18, 2021
Stanley Black & Decker announced its agreement to purchase the remaining 80 percent ownership stake in MTD Holdings Inc. (“MTD”), including Cub Cadet and Troy-Bilt, for $1.6 billion in cash. Stanley currently owns the Craftsman brand, having initially acquired a 20 percent stake in MTD in 2019.
Source: Stanley
Publication Date: 2021-08-17