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

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....

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition