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. Its main business is making products for the home improvement market, including hand tools, power tools, locks, alarm systems and fasteners. It has a market capitalisation of more than $10 billion and more than 44,000...
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