(RTTNews) – Stanley Black & Decker (SWK: News ) announced that it has entered into a definitive agreement to acquire Infastech, a global manufacturer and distributor of specialty engineered fastening technologies headquartered in Hong Kong, from CVC Capital Partners and Standard Chartered Private Equity Limited for US$850 million in cash.
Infastech has more than 2,000 employees, and generated revenues of about US$500 million. 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.(…)
via Stanley Black & Decker To Buy Infastech For US$850 Mln In Cash – Quick Facts.