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Stanley Black & Decker Completes Previously Announceed Acquisition Of Infastech

New Britain, Connecticut, February 27, 2013

•    Acquisition Expands Stanley Black & Decker’s Industrial Franchise,  Engineered Fastening Platform & Footprint In Emerging Markets;
•    Highly Complementary Fit With Existing Stanley Engineered Fastening Business;
•    Increases Scale, Expands Global Presence, And Opens New End Markets For Specialty Fastening Growth

Stanley Black & Decker (NYSE: SWK), an S&P 500 global diversified industrial company, 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.
With revenues of approximately USD$580 million and more than 2,000 employees, Infastech is one of the world’s leading producers of engineered mechanical fasteners and one of the largest Asia-based global players in the specialty mechanical fastener market.  Infastech designs, manufactures and distributes highly-engineered fastening technologies and applications for a diverse blue-chip customer base in the industrial, electronics, automotive, construction and aerospace end markets. More than half of Infastech’s 2012 revenues were generated in the Asia-Pacific region and once combined with Stanley Engineered Fastening, 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%+.

Infastech’s comprehensive product portfolio, including leading brands Avdel®, ELCO® and iForm®, provides innovative, patented and proprietary technologies and customized solutions to customers in more than 150 countries worldwide.  The combined engineered fastening platform will generate approximately half of its revenues from automotive manufacturing, a third from industrial fastening applications and 20% from high growth verticals such as electronics. With the acquisition of Infastech, the engineered fastening platform will be approximately $1.5 billion in annual revenues, in line with the Company’s mid-decade revenue goal for the platform of $1 - $2 billion. 

Stanley Black & Decker continues to expect the transaction to result in annual cost savings of approximately USD$25 million by 2015. The acquisition is also expected to be immediately accretive to Stanley Black & Decker’s earnings per share (EPS), with accretion of USD$0.20 per share in 2013 and USD$0.40 per share in 2015, excluding acquisition-related after-tax charges of approximately $30 million which will largely be incurred in 2013.
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, healthcare solutions, infrastructure solutions and more. Learn more at

Infastech® is one of the world’s largest producers of engineered mechanical fasteners with revenues exceeding USD$500 million and an industry heritage built around its lead brands Avdel®, ELCO® and iForm®, dating back as far as 1922. Learn more at


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