The Stanley Works to Offer to Acquire Frisco Bay
The transaction is valued at approximately U.S. $45.3 million.
If the offers are successful, Frisco Bay will become part of Stanleyâ€™s security solutions business.
Frisco Bay is a leading Canadian integrator of security solutions, with annual sales of approximately $40 million and employment of about 200 people, mostly in Canada. The company designs, develops, markets and installs self-service and financial transaction processing and integrated security systems predominantly for financial institutions, government agencies, and major industrial corporations.