Howmet Acquires Stanley Black & Decker's Aerospace Unit for $1.8 Billion

• CAM is expected to generate $405-415 million in revenue for 2025, complementing Howmet's existing $1.7-1.8 billion annual aerospace fastener business with significant cost synergy potential
• The transaction follows two similar aerospace fastener deals in recent months: TriMas selling its aerospace unit to Tinicum and KKR divesting Novaria Group to Arcline Investment Management
• Stanley Black & Decker originally acquired CAM for $1.5 billion and will use proceeds to reduce debt as part of its $2 billion cost-cutting program through 2025

Howmet Aerospace announced the acquisition of Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for $1.8 billion in an all-cash transaction expected to close in the first half of 2026.

CAM, a manufacturer of fasteners, fittings, and engineered components for aerospace and defense industries, is projected to generate $405-415 million in revenue for 2025. The acquisition will receive favorable federal tax treatment and strategically complements Howmet's existing $1.7-1.8 billion annual aerospace fastener business, with TD Cowen analyst Gautam Khanna noting significant cost synergy potential.

This deal follows a recent wave of aerospace fastener consolidation, including TriMas Corp's sale of its aerospace segment to Tinicum and KKR's divestiture of Novaria Group to Arcline Investment Management. The sector has been experiencing robust M&A activity driven by strong production demands from Boeing and Airbus, backed by lengthy order books and resilient air travel demand.

For Stanley Black & Decker, which originally acquired CAM in 2020 for $1.5 billion, this divestiture supports debt reduction efforts amid a three-year cost-cutting program targeting $2 billion in savings by 2025. The sale represents a $300 million gain over the original purchase price.

The transaction underscores continued consolidation in the aerospace supply chain as manufacturers capitalize on favorable industry dynamics and seek operational efficiencies through scale. Howmet, which produces jet engine components, aerospace fastening systems, and airframe structural components, strengthens its market position in the high-demand aerospace fastener segment through this strategic acquisition.