Stanley Black & Decker, Inc.NYSE
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  • Apr. 8, 2013, 5:24 PM

    Spectrum Brands (SPB) completes its acquisition of the residential lockset business of Tong Lung Metal, part of its $1.4B purchase of the Hardware & Home Improvement Group from Stanley Black & Decker (SWK) in December of last year. The commercial lockset business of Tong Lung will remain with SWK.

    | Apr. 8, 2013, 5:24 PM
  • Feb. 27, 2013, 9:57 AM

    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)

    | Feb. 27, 2013, 9:57 AM
  • Sep. 21, 2012, 1:44 PM

    Spectrum Brands (SPB -2.1%) is apparently in final talks to buy a unit that makes door locks and bath fixtures from Stanley Black & Decker (SWK +2.3%), edging out Apollo Global, who was also competing for the business. SWK put its hardware and home-improvement business on the auction block earlier this year, and the deal could fetch around $1.5B. The win would be a big one for SPB whose current market value is only $2.1B.

    | Sep. 21, 2012, 1:44 PM
  • Jul. 23, 2012, 5:14 PM

    Stanley Black & Decker (SWK) is spending $850M to acquire Infastech, a Hong Kong-based maker of engineered mechanical fasteners, from its P-E owners. Infastech has annual revenues of ~$500M, and generates 40% of its sales from Asia-Pac. SWK expects the all-cash deal to be accretive by $0.15/share in year 1, and $0.35/share in year 3. The acquisition is expected to close in Q4. (PR)

    | Jul. 23, 2012, 5:14 PM
  • May 30, 2012, 8:25 AM

    Black & Decker (SWK -0.2%) is among the prospective suitors for Singapore-based Infastech, a provider of industrial fasteners that generates sales of over $500M, Reuters reports. Infastech was bought by CVC and Standard Chartered's (SCBFF.PK) P-E arm in 2010 for $350M-$400M. First-round bids are due today.

    | May 30, 2012, 8:25 AM
  • Jun. 27, 2011, 7:53 AM

    Stanley Black & Decker (SWK) offers $1.2B, including debt, to buy Swedish security and surveillance company Niscayah (NSYHF.PK). The independent committee of Niscayah's board recommends the proposal, which tops an $876M bid from Securitas (SCTBF.PK), Niscayah's former parent.

    | Jun. 27, 2011, 7:53 AM