News 

Stanley Black & Decker announced on Jul. 23 that it has entered into a definitive agreement to acquire Infastech, a leading global manufacturer and distributor of specialty engineered fastening technologies headquartered in Hong Kong.

More than half of Infastech's 2011 revenues were generated in the Asia-Pacific region and once combined with Emhart, Stanley Black & Decker's engineered fastening platform, the enlarged business will generate close to 40% of its revenues from this high growth region. Total company revenues from the emerging markets will increase to approximately 16%, an important step towards the company's mid-decade goal of 20%+. The acquisition expands Stanley Black & Decker's industrial franchise, engineered fastening platform & footprint in emerging markets. Stanley Black & Decker expects the transaction to result in annual cost savings of approximately USD$25 million by year three. The transaction is expected to close in the fourth quarter of 2012.