Stanley Black & Decker Announces Sale of Excel Industries and HUSTLER Brand

What Happened
Stanley Black & Decker announced on Sept. 4, 2026 (press release), that it executed an Equity and Asset Purchase Agreement dated Sept. 1, 2026, under which Bad Boy Mowers JV Acquisition, LLC has agreed to purchase Excel Industries, LLC (a wholly owned subsidiary) and certain assets related to the HUSTLER® brand. The transaction is subject to required regulatory approvals and other customary closing conditions. The 8-K includes a standard forward‑looking statements caution.

Key Details

• Agreement dated: September 1, 2026; press release issued September 4, 2026 (Exhibit 99.1).
• Buyer: Bad Boy Mowers JV Acquisition, LLC; Seller: Excel Industries, LLC (wholly owned by Stanley Black & Decker).
• Assets: Excel Industries and certain assets related to the HUSTLER® brand.
• Conditions and disclosure: Transaction subject to regulatory approvals and customary closing conditions; the filing does not disclose purchase price or detailed financial terms. The company notes forward-looking statements, including potential impacts on adjusted EPS.

Why It Matters
This is a divestiture that reflects Stanley Black & Decker’s portfolio management and capital allocation strategy. While the company flagged that the deal could affect adjusted EPS, no financial terms were provided in the filing, so investors should watch for future disclosures (amendments, proxy filings, or quarterly reports) for purchase price, timing, and the deal’s quantified impact. The transaction’s completion depends on regulatory approvals and customary closing steps.