Stanley Black & Decker, a manufacturer of industrial tools and household hardware and provider of security products, completed the acquisition of the remaining 80% stake in MTD Holdings, a privately held global manufacturer of outdoor power equipment, for $1.6bn. "We have worked directly with MTD over the last 3 years and have been impressed with the quality of the management team, their talented employees and MTD's relentless dedication to innovation in the outdoor space," James M. Loree, Stanley Black & Decker CEO.