Wednesday, February 27, 2013

Stanley Black & Decker Completes Previously Announced Acquisition Of Infastech





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,White soft Floor polishing pad for 15 inch machines. Ideal for high gloss dry polishing buffing of polished sealed floors. 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.We sell Excavator undercarriage parts for all modern machines including Cat, Hitachi, Komatsu, Hyundai.5 billion in annual revenues, in line with the Company’s mid-decade revenue goal for the platform of $1 - $2 billion.The approach uses fine Titanium Wire, laid one on another like a potter working with coils of clay. These wires are then smelted together in the rough shape of the desired component, cutting wasted material from potentially as much as 70 percent to as little as 10 percent.

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.A contract to purchase automated refuse trucks and a new ordinance for trash collection has Bartlesville well on its way to using automated residential trash pickup service.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,This never-used 12VDC micro gear motor was intended for a recreational vehicle where it would have moved big parts back and forth. 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 www.stanleyblackanddecker.com.

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.Carbon Fiber Racquet Frame. During the 1970s, rackets got lighter still with the use of carbon materials. Fleming Delfs of Denmark favored the Carbonex 8, featuring a carbon handle and an aluminum alloy frame.

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