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Stanley Black & Decker to Acquire IES Attachments Business

Peter Neil
Stanley Black & Decker to Acquire IES Attachments Business

On August 7, Stanley Black & Decker (SWK) announced that it signed a definitive agreement to acquire International Equipment Solutions Attachments Group. The deal is valued at ~$690 million in cash. Stanley Black & Decker is expected to fund the acquisition through cash in hand and proceeds from borrowings. However, the company didn’t state when the acquisition will be complete.