Howmet Aerospace to acquire Consolidated Aerospace Manufacturing from Stanley Black & Decker for $1.8bn.

Howmet Aerospace, a global provider of advanced engineered solutions for the aerospace and transportation industries, agreed to acquire Consolidated Aerospace Manufacturing, a manufacturer and supplier of aerospace components, from Stanley Black & Decker, a provider of industrial tools and household hardware, for $1.8bn. "The acquisition of CAM is a major step in our strategy to build out our differentiated fastener portfolio. CAM's established brands, engineering prowess, and deep customer relationships are a perfect complement to our existing business. This transaction will allow us to better serve our aerospace and defense customers with a broader offering of mission-critical fastening solutions and represents a compelling use of capital to drive value for our shareholders," John C. Plant, Howmet Aerospace Executive Chairman and Chief Executive Officer.