On December 15, 2023, Stanley Black & Decker announced the sale of its STANLEY Infrastructure division to Epiroc AB for $1.03 billion (US$760 million) in cash. The transaction, involving the attachment and handheld hydraulic tools business, aligns with Stanley Black & Decker's strategy to simplify operations and concentrate on core business areas to enhance shareholder value. The divestiture will allow the company to focus on creating value in its primary sectors while managing capital allocation efficiently.

Donald Allan, Jr., President and CEO of Stanley Black & Decker, expressed confidence in Infrastructure’s potential for future innovation and growth under Epiroc’s ownership. He also acknowledged the contributions of the team members over the years.

STANLEY Infrastructure, which has manufacturing sites in the U.S., Canada, France, and China, and primarily serves the North American market, is projected to generate $608 to $635 million (US$450 to US$470 million) in revenue in FY2023 with an adjusted EBITDA margin in the mid-to-high teens. Following the sale, Stanley Black & Decker plans to use the net proceeds, after minimal taxes, to reduce its debt load.

The company also anticipates a pre-tax, non-cash charge of about $135 to $150 million(US$100 to US$150 million) due to the write-down of Infrastructure’s net assets, a figure excluded from adjusted earnings. The deal's completion is pending regulatory approval and customary closing conditions. Until then, the financial results of Infrastructure will continue to be reported in continuing operations and will not be classified as discontinued operations.