Stanley Black & Decker (NYSE: SWK), New Britain, CT, has agreed to acquire Infastech from CVC Capital Partners and Standard Chartered Private Equity Limited for $850 million in cash. Infastech is a global manufacturer and distributor of specialty engineered fastening technologies headquartered in Hong Kong.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
With annual revenues of $500 million and more than 2,000 employees, 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.
More than half of Infastech's 2011 revenues were generated in the Asia-Pacific region and once combined with Emhart, Stanley Black & Decker's engineered fastening platform, the enlarged business will generate close to 40 percent of its revenues from this high growth region. Total company revenues from the emerging markets will increase to approximately 16 percent.
The combined engineered fastening platform will generate approximately half of its revenues from automotive manufacturing, a third from industrial fastening applications and 20 percent from high growth verticals such as electronics. With the acquisition of Infastech, the engineered fastening platform will be the first of the company's recently identified new growth platforms to achieve its mid-decade goal of $1 billion to $2 billion in revenue.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.