Sep 13, 2021

Kan. based Excel Industries sold for $375 million

Posted Sep 13, 2021 6:49 PM
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HESSTON — Stanley Black & Decker has entered into an agreement to acquire Heston, Kansas based Excel Industries for $375 million in cash, according to a media release from the company.

The 600-employee Excel Industries, founded in 1960, is a leading designer and manufacturer of premium commercial and residential turf-care equipment under the distinct brands of Hustler Turf Equipment and BigDog Mower Co.

Stanley Black & Decker's CEO James M. Loree commented in a press release, "This is a strategically important bolt-on acquisition as we build an outdoor products leader. Excel brings a range of premier, commercial grade and prosumer turf-care equipment, an extensive dealer network, a talented team and a loyal customer base."

Stanley Black & Decker operates the world's largest tools and storage business and the world's second largest commercial electronic security company. Excel employees were told of the sale.