Stanley Black & Decker completes acquisition of Nelson Fastener Systems
This week, Doncasters Group announced that the sale of Nelson Fastener Systems to Stanley Black & Decker Inc successfully completed. Burton upon Trent-based Doncasters has retained the Nelson Automotive stud welding and equipment business as part of its Speciality Automotive division. Doncasters CEO David Smoot said: “We look forward to continuing a very successful relationship with […]
Doncasters to sell Nelson Fastener Systems to Stanley Black & Decker
Burton-upon-Trent’s Doncasters Group has agreed to sell Nelson Fastener Systems business to Stanley Black & Decker Inc for approximately $440 million in cash. The sale, which does not include Nelson’s automotive stud welding business, is expected to close later in the first quarter of 2018. The move comes as Doncasters strives to drive growth in […]