Stanley Black & Decker, Inc. filed an 8-K with the U.S. Securities and Exchange Commission on September 4, 2026, disclosing the execution of an Equity and Asset Purchase Agreement, dated September 1, 2026, to sell Excel Industries, LLC and certain assets related to the HUSTLER® brand name to Bad Boy Mowers JV Acquisition, LLC.

Key Highlights

  • Agreement signed: Stanley Black & Decker entered into an Equity and Asset Purchase Agreement dated September 1, 2026.
  • Buyer: Bad Boy Mowers JV Acquisition, LLC has agreed to purchase the assets.
  • Assets sold: Excel Industries, LLC, a wholly owned subsidiary of the company, and certain assets related to the HUSTLER® brand name are included in the transaction.
  • Closing conditions: The transaction is subject to receipt of required regulatory approvals and other customary closing conditions.
  • Press release: A press release dated September 4, 2026, was attached as Exhibit 99.1 and incorporated by reference into the filing.

Stanley Black & Decker Discloses HUSTLER Brand and Excel Industries Divestiture to Bad Boy Mowers

According to the filing, Stanley Black & Decker, Inc. (NYSE:SWK) issued a press release on September 4, 2026, announcing the execution of the Equity and Asset Purchase Agreement. The agreement was entered into as of September 1, 2026, between the company and Bad Boy Mowers JV Acquisition, LLC. Under the terms disclosed, Bad Boy Mowers has agreed to acquire Excel Industries, LLC, which the filing describes as a wholly owned subsidiary of the company, along with certain assets associated with the HUSTLER® brand name.

The filing was made under Item 7.01, Regulation FD Disclosure, and was signed by Donald Riccitelli, VP Corporate Secretary, on behalf of the registrant. No transaction price or financial terms were included in the filing text. The company noted that the transaction remains subject to required regulatory approvals and other customary closing conditions before it can be completed.

The filing contains forward-looking statements, which the company identified as its own expectations about future events including the consummation of the transaction and its expected impact on adjusted EPS. The company cautioned, in its own words, that readers "should not place undue reliance on the forward-looking statements" and that actual results could differ materially from those expressed or implied by such statements.

What Was Disclosed

Stanley Black & Decker disclosed the signing of an agreement to sell Excel Industries, LLC and certain HUSTLER® brand assets to Bad Boy Mowers JV Acquisition, LLC. The transaction, dated September 1, 2026, remains subject to regulatory approvals and customary closing conditions.