Stanley Black & Decker to complete acquisition of Cub Cadet's parent company
The company that tried to bring robotic mowing technology to the golf industry soon will be owned outright by one of the country's largest manufacturers of consumer power and hand tools.
After acquiring 20 percent in MTD in 2019, Stanley Black & Decker will acquire the remaining 80 percent of the company that owns turf maintenance brands such as Cub Cadet. The deal, which is contingent upon regulatory review, is for a reported $1.6 billion in cash and is expected to close before the end of the year.
Cub Cadet, which makes the Infinicut line of reel mowers popular in sports turf management, once manufactured the RGX robotic greens mower, a project that was abandoned last year. Originally named the RG3, the robotic mower was launched in 2009 by Precision Path Robotics. Cub Cadet bought the technology in 2015 before throwing in the towel early in 2020.
Besides the Infinicut line of reel mowers and pull-behind blowers for the professional turf market, 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 residential and professional consumers. Other consumer brands under the MTD umbrella are Troy-Bilt, Rover, Wolf Garten and Robomow.
The RG3 debuted at the 2009 Golf Industry Show in New Orleans, and reappeared six years later in San Antonio under the Cub Cadet brand.
FAQs
Stanley Black & Decker today announced that it has agreed to acquire the remaining 80 percent ownership stake in MTD Holdings Inc. (“MTD”), a privately held global manufacturer of outdoor power equipment, including Cub Cadet® and Troy-Bilt®, for $1.6 billion in cash.
When did Stanley buy Cub Cadet? ›
In 2021, the remaining 80% was purchased by Stanley Black & Decker for $1.6 billion.
Did Cub Cadet get bought out? ›
Stanley Black & Decker had owned 20% of MTD and has now acquired the remaining 80 percent. MTD is the company that owns the Cub Cadet Brand.
When did SBd acquire MTD? ›
Headquartered in Valley City, Ohio, the company began in 1932 and is a wholly-owned subsidiary of Stanley Black & Decker. Prior to Stanley Black & Decker's acquisition in December 2021, MTD Products was a majority family-owned, private company.
Did Stanley buy Black and Decker? ›
In March 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker. It remains a wholly owned subsidiary of that company. September 1910 (as "The Black & Decker Manufacturing Company") in Baltimore, Maryland, U.S. U.S.
Does Black and Decker own Cub Cadet? ›
Stanley Black & Decker today announced that it has agreed to acquire the remaining 80 percent ownership stake in MTD Holdings Inc. (“MTD”), a privately held global manufacturer of outdoor power equipment, including Cub Cadet® and Troy-Bilt®, for $1.6 billion in cash.
Who builds Cub Cadet engines? ›
2024 SC900 - Cub Cadet
| Availability | Brochure |
|---|
| Deck Size | Deck: 21 in |
| Engine Manufacturer | Kohler® |
| Discharge Type | Location: Side |
| Displacement | 173cc |
1 more rowIn 1981, IH sold the Cub Cadet division to the MTD corporation, which took over production and use of the Cub Cadet brand name (without the IH symbol), to present day.
Are Troy-Bilt and Cub Cadet the same? ›
The MTD family of brands includes Cub Cadet, Troy-Bilt, Robomow, Rover, and WOLF-Garten. MTD operates manufacturing facilities in North America and Europe and a global distribution network.
Who builds John Deere lawn mowers? ›
MTD makes all of the store brands (i.e., a mower that might have the Home Depot name on it), along with MTD, Dynamark, YardPro, Weed Eater, Noma, and Sears Craftsman. Murray makes MTD. MTD makes the low end (non-commercial) John Deere tractors. John Deere makes all John Deere.
Outdoor power equipment manufacturer MTD Products today recalled about 6,200 riding mowers sold under the Craftsman and Troy-Bilt brand names.
What riding mowers are made by MTD? ›
Along with Cub Cadet, Troy-Bilt, Columbia and Remington, the MTD family of brands includes MTD®, MTD Gold®, MTD Pro®, Yard-Man®, Yard Machines® and Bolens®. The appeal of each brand lies in its individuality and distinctive appearance.
Who owns Craftsman? ›
Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker. As with all Sears products, Craftsman tools were not manufactured by Sears during that company's ownership, but made under contract by various other companies.
Is DeWalt owned by Stanley Black and Decker? ›
The DeWalt Industrial Tool Company is an American worldwide manufacturer of power tools and hand tools for the construction, manufacturing and woodworking industries, as well as home craftspeople. DeWalt is a registered trademark of Black & Decker (U.S.) Inc., a subsidiary of Stanley Black & Decker.
Where is Stanley Black & Decker headquarters? ›
Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010. Stanley Black & Decker, Inc. New Britain, Connecticut, U.S.
What is Stanley Black & Decker net debt? ›
Stanley Black & Decker has a total shareholder equity of $9.1B and total debt of $7.2B, which brings its debt-to-equity ratio to 79.2%. Its total assets and total liabilities are $23.7B and $14.6B respectively. Stanley Black & Decker's EBIT is $621.8M making its interest coverage ratio 1.7.
Did Stanley buy out Craftsman? ›
In March 2017, Stanley Black & Decker acquired the Craftsman brand from Sears Holdings, which retained a limited license for Craftsman products.
What brands does Cub Cadet own? ›
The MTD family of brands includes Cub Cadet, Troy-Bilt, Robomow, Rover, and WOLF-Garten. MTD operates manufacturing facilities in North America and Europe and a global distribution network.
Who owns the MTD Corporation? ›
What brands does MTD own? ›
Along with Cub Cadet, Troy-Bilt, Columbia and Remington, the MTD family of brands includes MTD®, MTD Gold®, MTD Pro®, Yard-Man®, Yard Machines® and Bolens®. The appeal of each brand lies in its individuality and distinctive appearance.
