Stanley Black & Decker News

Stanley Black & Decker To Sell Majority Of Mechanical Security Businesses To dormakaba For $725 Million Cash

The sale includes the commercial hardware brands of BEST Access, phi Precision and GMT Stanley Black & Decker, an S&P 500 global diversified industrial company, announced that it has entered into a definitive agreement to sell the majority of its Mechanical Security businesses to dormakaba for $725 million in cash. The sale includes the commercial hardware brands of BEST Access, phi Precision and GMT, which together represented LTM revenues and EBITDA of approximately...