Stanley completes Infastech acquisition
Stanley Black & Decker said it 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.