STANLEY Infrastructure Sale to Epiroc AB Complete

Stanley Black & Decker announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash.

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Gigi Wood
Apr 2, 2024
Stanley Black & Decker
Stanley Black & Decker announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash.
Stanley Black & Decker announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash.
Stanley Black & Decker

Three and a half months after announcing the sale, the transaction between Stanley Black & Decker is finally complete. 

According to a press release:

Stanley Black & Decker announced that it has completed the previously announced sale of STANLEY Infrastructure to Epiroc AB for $760 million in cash.

Stanley Black & Decker expects to utilize the cash proceeds, net of modest taxes, to reduce debt.

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