Stanley completes Infastech acquisition

Stanley Black & Decker said it successfully completed its acquisition of Infastech, a global manufacturer and distributor of specialty engineered fastening technologies.

Stanley paid $850 million in cash for the Hong Kong-based company. The transaction was originally announced on July 2, 2012. 

Infastech’s annual revenues are about $580 million. 

More than half of Infastech’s 2012 revenues were generated in the Asia-Pacific region and once combined with Stanley Engineered Fastening, the enlarged business will generate close to 40% of its revenues from this region, the company said.

Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.