Stanley Black & Decker To Acquire MTD Holdings

Stanley Black & Decker will acquire the remaining 80 per cent ownership stake in MTD Holdings Inc. (MTD), a privately held global manufacturer of outdoor power equipment. Stanley Black & Decker acquired a 20 per cent stake in MTD in 2019. MTD designs, manufactures, and distributes lawn tractors, zero turn mowers, walk behind mowers, snow blowers, residential robotic mowers, handheld outdoor power equipment, and garden tools for both residential and professional consumers under well-known brands like Cub Cadet and Troy-Bilt. MTD has manufacturing facilities in North America and Europe and a global distribution network. Stanley Black & Decker says the acquisition creates a pathway for both companies to introduce new and innovative products for professional and residential outdoor equipment customers. The acquisition is expected to close in 2021.