By Gary Thomas
Stanley Black & Decker, a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, infrastructure solutions, engineered fastening systems and others, has signed a deal to acquire Infastech, a producer of engineered mechanical fasteners.
Headquartered in Hong Kong, Infastech designs, produces and distributes highly-engineered fastening solutions and applications for diverse customers in the aerospace, construction, automotive, electronics and industrial markets. The comprehensive product portfolio of Infastech includes iForm, ELCO and Avdel brands. The company offers novel, patented and proprietary technologies as well as customized solutions to customers in over 150 countries globally. Infastech will complement Stanley Black & Decker's Emhart Teknologies engineered fastening business and this integration will help increase revenue base and strong margins of Stanley Black & Decker.
John F. Lundgren, President and CEO of Stanley Black and Decker, stated that Infastech is a perfect strategic and complementary fit for their Emhart Teknologies' engineered fastening business. The acquisition enhances Stanley Black and Decker's strong position in the specialty engineered fastening industry, will further expand their global footprint in emerging markets, and will improve their IP portfolio and research and development capabilities. Lundgren added that the acquisition will also generate new opportunities for cross-selling into new markets and will enable them to deploy their Stanley Fulfillment System into Infastech's operations all through the integration procedure and beyond.
Source: http://www.stanleyblackanddecker.com/