dormakaba to Acquire Mechanical Security Businesses From Stanley Black & Decker
dormakaba has signed an agreement to acquire certain mechanical security businesses from Stanley Black & Decker for a total consideration of $725 million in cash. The transaction encompasses Stanley Commercial Hardware spanning mainly across North America and including a production facility in Taiwan, as well as GMT in China.
Sargent and Greenleaf, a safe lock provider that also forms part of Stanley Black & Decker’s mechanical security business, is not included in the transaction.