TAG: MTD Products

Stanley Black & Decker to acquire 20 percent stake in MTD Products for $234 million

September 13, 2018By

Stanley Black & Decker will acquire a 20 percent stake in MTD Products, 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. Stanley Black & Decker, an S&P 500 company,... read more

Robin gets funding from MTD Products for robotic mowing franchise

May 23, 2018By

Robin Autopilot closed a $1 million round of financing—led by a mower manufacturer—to grow a nationwide network of robotic mowing franchises. MTD Products led the financing and was joined by several new and existing Robin investors, including Ken Murphy, former CEO of Mattress Firm. MTD, based in Valley City, Ohio, manufactures and distributes residential robotic mowers under its Cub Cadet,... read more

MTD completes transaction with Robomow

July 24, 2017By

F. Robotics Acquisitions, the makers of Robomow, is now officially a subsidiary of MTD Products. The transaction, which closed on July 2, had been in the works since May. Financial details of the transaction were not disclosed. The merger will enable MTD to employ Robomow’s technology and line of robotic products under MTD’s brands in Europe and North America. Robomow... read more

MTD Products acquires maker of Robomow, eyes North American markets

May 30, 2017By

A subsidiary of MTD Products is merging with F. Robotics Acquisitions, makers of the robotic residential lawn mower Robomow. Financial details of the transaction, which is set to close in early July pending government and other approvals, were not disclosed. “Both MTD and Robomow see tremendous opportunities to grow our brands through this merger of our products and talents,” said Rob... read more

MTD acquires Core, Precise Path

January 28, 2015By

MTD Products—the parent company of Cub Cadet, Troy-Bilt Products, Columbia, Yard Machines, Remington, Arnold and other brands—purchased two companies: Core Outdoor Power and Precise Path Robotics. Acquiring Core gives MTD a greater stake in the electronic power equipment industry. Core’s niche is powering outdoor landscape equipment with gasless motor technology. Precise Path, on the other hand, designed a commercial autonomous... read more

OPEI dubs 2014-2015 officers, board of directors

July 21, 2014By

The Outdoor Power Equipment Institute (OPEI) named its 2014-2015 officers and board of directors during the OPEI annual meeting, held in Palm Beach, Fla., June 17-19. Officers for the 2014-2015 year include: Chairman Paul Mullet, president, Excel Industries; Vice Chair Lee Sowell, president, Techtronic Industries Co. Outdoor Products; and Secretary/Treasurer Tim Merrett, VP of A&T global platform and turf and utility,... read more