Press Releases and Information
Elco Construction Products has expanded their line of Bi-Flex® 300 series stainless steel bi-metal self-drilling screws to include new head styles and lengths, with more #5 self-drilling points. Now this product's outstanding corrosion resistance and long service life can be used in an even wider range of critical joints.
Stanley Black & Decker announced today that it has successfully completed its acquisition of Infastech, a leading global manufacturer and distributor of specialty engineered fastening technologies headquartered in Hong Kong, from CVC Capital Partners and Standard Chartered Private Equity Limited for USD$850 million in cash. This transaction was originally announced on July 23rd, 2012.
CVC Capital Partners ("CVC") and Standard Chartered Private Equity ("SCPEL") today announced that Stanley Black & Decker, Inc. (NYSE: SWK) ("SBD") has entered into a definitive agreement with Asia Trading Holdings Limited ("ATHL"), owned indirectly by funds advised by CVC and SCPEL, to acquire the Infastech group of companies ("Infastech") for US$850 million. Headquartered in Hong Kong, Infastech is one of the world's largest producers of engineered mechanical fasteners with annual revenues exceeding USD$500 million.
Today, we announced the exciting news that we have agreed to join forces with Stanley Black & Decker, a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. When this transaction closes, which is expected to be in the fourth quarter, we will join Stanley's Engineered Fastening division, which includes the Emhart Teknologies brands of POP(r), Heli-Coil(r), Spiralock(r), Tucker(r), and many more.