US-based Howmet Aerospace has entered into a definitive agreement to purchase Consolidated Aerospace Manufacturing (CAM), the aerospace division of Stanley Black & Decker.
In a statement on December 22, 2025, the two companies announced that the all-cash purchase is valued at approximately $1.8 billion with the transaction expected to close in the first half of 2026.
CAM provides critical fasteners, fittings, and other engineered components for the aerospace and defense industries while Howmet is primarily focused on jet engine components, aerospace fastening systems, and airframe structural components.
“The acquisition of CAM is a major step in our strategy to build out our differentiated fastener portfolio,” said John C. Plant, CEO of Howmet Aerospace. “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.”
Howmet said it expects CAM to generate revenue of around $485 to $495 million in 2026 with adjusted EBITDA margin in excess of 20% before synergies.
Stanley Black & Decker is expected to generate revenue of approximately $405 to $415 million in 2025 and will utilize the net cash proceeds of the CAM transaction to reduce debt.
“Divesting CAM reflects our ongoing dedication to enhancing shareholder value and focusing on growing our biggest brands and businesses. The proceeds from this transaction are expected to significantly reduce our debt, positioning us to achieve our target leverage ratio of 2.5 times net debt to adjusted EBITDA. After achieving this critical financial goal, we will have greater flexibility to pursue additional value-creation opportunities through a more agile capital allocation strategy,” said Chris Nelson, Stanley Black & Decker’s CEO.
He added: “I am confident that CAM, along with its talented team, will thrive as part of Howmet Aerospace. I would also like to express my appreciation to all CAM employees for their exceptional dedication and remarkable contributions, which have been instrumental to CAM’s success.”
