Form 8-K · Current report
Stanley Black & Decker 8-K, filed Sep 4, 2026
- Filed
- CIK
- 0000093556
- Accession no.
- 0001193125-26-383511
Summary
Stanley Black & Decker has entered a definitive agreement to sell its Excel Industries subsidiary, which consists primarily of the professional-grade, gas-powered Hustler ride-on and zero-turn mower business, to Bad Boy Mowers. The transaction is subject to regulatory approval and other customary closing conditions, Excel is expected to generate approximately $300 million in FY 2026 revenue, and the company said it does not expect the deal to be dilutive to adjusted EPS.
Key points
- Excel Industries is based in Hesston, Kansas, and makes commercial and residential turf-care equipment under the Hustler brand, which launched the first hydrostatic zero-turn mower in 1964.
- Stanley Black & Decker President and CEO Chris Nelson said the sale refines the portfolio and concentrates resources on growth areas including electric outdoor products.
- Bad Boy Mowers CEO Peter Ballantyne said his company looks forward to supporting Hustler's continued success as a leader in professional-grade mowers.
- BofA Securities is financial advisor and Cravath, Swaine & Moore is legal counsel to Stanley Black & Decker on the transaction.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 7.01. Regulation FD Disclosure. On September 4, 2026, Stanley Black & Decker, Inc. (the “Company”) issued a press release announcing the execution of an Equity and Asset Purchase Agreement, dated as of September 1, 2026, by and between the Company and Bad Boy Mowers JV Acquisition, LLC (“Bad Boy Mowers”), pursuant to which Bad Boy Mowers has agreed to purchase Excel Industries, LLC, a wholly owned subsidiary of the Company, and certain assets related to the HUSTLER® brand name. The transaction is subject to receipt of required regulatory approvals and other customary closing conditions. …
An excerpt of the text as filed with the SEC, cut for length.
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