Stanley Black & Decker buys Hong Kong rivet maker

Stanley Black & Decker says it will pay $850 million for Hong Kong-based Infastech.

Stanley Black & Decker buys Hong Kong rivet maker
Infastech makes a huge range of nuts, bolts, rivets and other fastening products

Yesterday Stanley Black Decker, an SP 500 company that makes tools and hardware, announced that it had entered into a definitive agreement to buy Infastech, a Hong Kong-based maker of rivets and engineered fasteners, from CVC Capital Partners and Standard Chartered Private Equity for $850 million.

Stanley Black Decker, headquartered in New Britain, Connecticut, was formed in 2010 from the transatlantic merger of Stanley in the UK and Black Decker in the US....

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