dormakaba to Acquire Mechanical Security Businesses from Stanley Black & Decker

dormakaba | December 21, 2016

Transaction builds on successful dormakaba merger and recent Mesker acquisition, in line with stated strategy – adding substantial scale in North America Scope of transaction: Consolidated 2016E net sales of USD 276 million and EBITDA of USD 52 million Encompasses North America-focused Stanley Commercial Hardware as well as GMT in China Well-recognized industry brand "BEST" to considerably strengthen market position Large installed base to provide attractive and stable repeat business Established spec-writing capabilities to enhance opportunities in new construction Strong position in growing verticals such as education an...