Tag: James M. Loree
Stanley Black & Decker agrees to sell mechanical security businesses for $725m
December 22, 2016Spencer Ives
NEW BRITAIN, Conn.—Stanley Black & Decker yesterday announced that it has entered into a definitive agreement to sell the majority of its mechanical security businesses, including commercial hardware brands BEST Access, phi Precision and GMT to access and security solution provider dormakaba for $725 million in cash. The deal is subject to customary regulatory approvals.dormakaba also recently acquired Mesker Openings Group, a U.S.-based commercial door and hardware company, for $142.5 million....
Stanley execs talk about progress on Niscayah acquisition
January 30, 2012Martha Entwistle
Stanley CSS's parent company, Stanley Black & Decker exceeded Wall Street expectations last week with its earnings announcement. It had Q4 revenue of $2.8b, up 17 percent over 2010 Q4 revenues, and organic revenue growth was up 6 percent over the same period.
The security segment was up 1 one percent with 4 percent organic growth in Convergent Security, according to the conference call. Security has Q4 sales of $827 million. That revenue figure is up 49 percent over last year (2010 Q4...