Stanley Black & Decker, an industrial organization, completed the acquisition of Consolidated Aerospace Manufacturing, a group of manufacturers of fittings, hardware, fasteners and engineered products solutions for the aerospace sector, from Tinicum, a private investment firm, for $1.5bn. "Our team is excited at the prospect of welcoming CAM to the Stanley Black & Decker family to further diversify our Industrial business segment. With its well-recognized brands, proven business model and experienced management team, CAM will play a significant role in the growth of our Industrial business and company overall," John Wyatt, Stanley Black & Decker Industrial President.