Stanley Black & Decker today announced it has sold its automatic doors business, Access Technologies, to Allegion for $900 million in cash. The Access Technologies business generated approximately $340 million in revenue in 2021.
“The sale of Access Technologies at an attractive valuation demonstrates our commitment to maximizing value for our shareholders through active portfolio management and will help fund our substantial return of capital,” said James M. Loree, Stanley Black & Decker CEO. “With a more focused portfolio — comprised of our tools & outdoor and industrial segments — Stanley Black & Decker is positioned to capitalize on compelling opportunities for growth, margin expansion and long-term value creation for shareholders.”