Stanley Black & Decker buys Hong Kong rivet maker

Stanley Black & Decker says it will pay $850 million for Hong Kong-based Infastech.
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Infastech makes a huge range of nuts, bolts, rivets and other fastening products
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<div style="text-align: left;"> Infastech makes a huge range of nuts, bolts, rivets and other fastening products </div>

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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