Stanley Black & Decker to acquire Excel Industries for $375m.

Stanley Black & Decker, a manufacturer of tools, agreed to acquire Excel Industries, a designer and manufacturer of turf-care equipment for $375m. "This is a strategically important bolt-on acquisition as we build an outdoor products leader. Excel brings a range of premier, commercial grade and prosumer turf-care equipment, an extensive dealer network, a talented team and a loyal customer base," James M. Loree, Stanley Black & Decker CEO.