Stanley Black & Decker (SWK +1.1%) completes its $850M acquisition of Hong Kong based...

|About: Stanley Black & Decker, Inc. (SWK)|By:, SA News Editor

Stanley Black & Decker (SWK +1.1%) completes its $850M acquisition of Hong Kong based Infastech from CVC and Standard Chartered. Infastech is one of the largest Asia-based manufacturers of mechanical fasteners and the deal will help SWK increase its revenues from emerging markets to 16% of total sales. SWK also expects the acquisition to add $0.20 to its adjusted EPS in 2013 and $0.40 in 2015. (PR)