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Stanley Black & Decker to sell automatic doors business for $900M

New Britain toolmaker Stanley Black & Decker said Friday it has reached an agreement to sell its automatic doors business Access Technologies to a European security products provider for $900 million. The buyer is Dublin-based Allegion, which has agreed to pay the purchase price in cash. Access Technologies, which has a manufacturing facility in Farmington, makes, installs and services automatic doors. The company generated about $340 million in net sales in 2021, according to Allegion.
Jamesm Loree Securitas Ab New Britain Stanley Black Access Technologies Dublin Based Allegion

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