Stanley Black & Decker grows US manufacturing footprint with tool brand acquisition
Stanley Black & Decker has made another tool acquisition with the purchase of the Craftsman brand from Sears Holdings. The buy out follows a tool brand acquisition in October – $1.95 billion for Irwin and Lenox Tools – and the sale of the majority of SBD’s Mechanical Security businesses last month, arguably indicating a focusing of […]
Atlas Copco boosts US presence with acquisition
Hot on the heels of its acquisition of a German compressor distributor, Atlas Copco has now bought Air Power of Nebraska, for an undisclosed price. The acquisition will see 12 staffers join the company. Air Power sells, installs and services compressed air products and related systems in central USA. Atlas Copco’s broad business includes brands […]
Hitachi power tools division up for sale, says reports
Hitachi Koki, the power tool division of Hitachi, is reportedly up for sale, according to Reuters. Private equity firm KKR & Co is in talks to buy the unit in a deal that is said to be worth over $1.3 billion. An anonymous insider gave Reuters the scoop. Hitachi Koki responded to the story over […]
Stanley Black & Decker sells locks and security businesses for $725 million
Stanley Black & Decker has this week agreed 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 12 month revenues and EBITDA of approximately $270 million and $52 million, respectively. The business said […]
Atlas Copco acquires German compressor distributor
Stuttgart’s hb Kompressoren Druckluft- und Industrietechnik GmbH – a distributor and service provider of industrial air compressors and related systems – has been acquired by Atlas Copco. About 10 employees will join Atlas Copco as a result of the move and will bolster the firm’s presence in South West Germany. The business is focused on distribution […]
Bufab buys fastener supplier Montrose Holdings
High Wycombe and Bedford-based Montrose Holdings has been acquired by Bufab. Montrose is a privately owned company supplying fasteners, other C-class components and associated services to industrial customers mainly located in the UK. Montrose was founded in 1991 and has since enjoyed stable and profitable growth. Now with 45 employees, Montrose provides fasteners and special components […]
Jewson owner Saint-Gobain expands with builders merchants acquisition
Benchmark Building Supplies has become a subsidiary of Saint-Gobain Building Distribution (SGBD) following its acquisition (reports The Business Desk). The North West-based business is Saint-Gobain’s second acquisition this year. Benchmark operates from seven trading locations around the M60. Boasting a customer base of over 1,200 construction companies, the firm was founded 20 years ago and has […]
Bossard expands in the USA with Arnold acquisition
Bossard Group has extended its presence in the USA and Northeast with the acquisition of Arnold Industries, which is now complete. New England-based Arnold Industries specialises in the distribution of electromechanical components and fasteners. It has approximately 100 employees and generates USD $40 million in sales annually. Bossard, supplier of product solutions and services in industrial […]
Autoline to generate €40 million for new owner NORMA
As regular Torque readers will be aware, NORMA agreed to acquire Parker Hannifin’s global Autoline business for quick connections in the summer. As of 1st December 2016, the acquisition has been completed. Autoline produces quick connectors for the connection of fluid lines in motor vehicles with more than 200 employees in France, Mexico and China. […]
Grafton snaps up another fixings, tool & ironmongery business in the Netherlands
Merchanting and DIY giant Grafton Group is building its presence in the Netherlands again with its second acquisition in the territory within just 12 months. Grafton will purchase Gunters en Meuser B.V. (“G&M”), a market leader in the distribution of tools, fixings and ironmongery in the Greater Amsterdam Area. Completion is expected in January and […]