Stanley Black & Decker Said to Weigh Sale of Attachments Arm

Aaron Kirchfeld and

Michelle F Davis

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Stanley Black & Decker Inc., which has been selling assets to focus on its core building products business, is exploring a sale of a unit that makes excavator buckets for construction equipment, according to people familiar with the matter.

The New Britain, Connecticut-based company is working with financial advisers to seek buyers for its International Equipment Solutions Attachment Group, or IES, said the people, who asked to not be identified because the matter isn't public.