stanley black & decker
dormakaba Completes Acquisition of Mechanical Security Businesses from Stanley Black & Decker – New Top-Three Player in North American Market
dormakaba | February 24, 2017
Reamstown, PA, February 24, 2017 - dormakaba has completed the acquisition of certain Mechanical Security businesses from Stanley Black & Decker and has closed the transaction effective February 22, 2017, following satisfaction of customary closing conditions including the receipt of all necessary regulatory approvals. The transaction was first announced on December 21, 2016. With this acquisition, dormakaba gains substantial scale in line with its stated strategy, evolving from a distant four to a strong number three player in the attractive North American market that can offer the full portfolio of door hardware and access control...
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...
