acquisition of Niscayah was complete. 2012: On January 1, the acquisition of Lista North America from LISTA, headquartered in Holliston, Massachusetts, was completed. 2012: On June 1, the acquisition of Powers Fasteners, headquartered in Brewster, New York, was completed. 2012: On June 5, the acquisition of AeroScout, headquartered in Redwood City, California, was completed. 2016: Stanley Black & Decker announced in October that it acquired the Irwin, Lenox, and Hilmor tool brands for $1.95 billion from Newell Brands. 2017: On January 5, news reports indicated that it would acquire the Craftsman brand from KCD, LLC (a Sears Holdings subsidiary). Subsequent reports by Bloomberg indicated that the company would pay $525 million initially, an additional $250 million after three years, as well as annual payments on new Craftsman sales for 15 years. 2018: On September 12, Stanley Black & Decker announced that it had entered into a definitive agreement to acquire a 20 percent stake in MTD Products Inc, a privately held global manufacturer of outdoor power equipment, for $234 million in cash. Under the terms of the agreement, Stanley Black & Decker has the option to acquire the remaining 80 percent of MTD beginning on July 1, 2021. 2018: On August 7, Stanley Black & Decker announced it entered into a definitive agreement to acquire International Equipment Solutions Attachments Group (IES Attachments) for $690 million in cash. 2020: In Q1 2020, Stanley Black & Decker agreed to acquire Consolidated Aerospace Manufacturing, LLC (CAM) for up to $1.5 billion. CAM provides a fastener and component platform which would help the company to grow in aerospace and defense. 2021: On August 17, 2021, Stanley Black & Decker announced that it has agreed to acquire the remaining 80 % ownership stake in MTD Holdings Inc. 2021: On September 13, 2021, Stanley Black & Decker announced that it would be acquiring Excel Industries; who designs and manufactures commercial and residential turf-care equipment under the Hustler Turf Equipment and BigDog Mower Co. brands. The sale was completed November 12th of the same year. 2021: On December 8, 2021, Securitas AB announced that it had entered into an agreement to purchase Stanley Black & Decker's electronic security business unit for $3.2 billion 2022: In Q3 2022, Stanley Black & Decker announced layoffs of over 1,000 corporate employees as part of cost-saving measures in response to plumeting stock price Business segments and brands Sources: Construction and do-it-yourself