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Tag: James M. Loree


Suppliers

Stanley Black & Decker agrees to sell mechanical security businesses for $725m

December 22, 2016Spencer Ives

NEW BRITAIN, Conn.—Stanley Black & Decker yesterday announced that it has entered into a definitive agreement to sell the majority of its mechanical security businesses, including commercial hardware brands BEST Access, phi Precision and GMT to access and security solution provider dormakaba for $725 million in cash.The deal is subject to customary regulatory approvals.dormakaba also recently acquired Mesker Openings Group, a U.S.-based commercial door and hardware company, for $142.5 million....

dormakaba, James M. Loree, Riet Cadonau, Stanley Black & Decker


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On The Editor's Desk

Stanley execs talk about progress on Niscayah acquisition

January 30, 2012Martha Entwistle

Stanley CSS's parent company, Stanley Black & Decker exceeded Wall Street expectations last week with its earnings announcement. It had Q4 revenue of $2.8b, up 17 percent over 2010 Q4 revenues, and organic revenue growth was up 6 percent over the same period. The security segment was up 1 one percent with 4 percent organic growth in Convergent Security, according to the conference call. Security has Q4 sales of $827 million. That revenue figure is up 49 percent over last year (2010 Q4 revenues were...

James M. Loree, John Lundgren, NIscayah acquisition, Stanley Black & Decker


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