Jamesm Loree News Today

Serta Simmons today announced that Charlie Eitel, current Board member and former Chairman and CEO of Simmons Bedding, has been appointed (CEO).

The new chief executive is a 23-year veteran of the company.

New Britain toolmaker Stanley Black & Decker said Wednesday morning CEO James M. Loree is stepping down from his position and will be replaced by current company President and Chief Financial Officer Donald Allan Jr. Allan will take over as CEO July 1. He will also retain his president title and join the company’s board, Stanley announced.  The timing of the transition is a result of the company’s recent refocusing around the global tools and outdoor power equipment markets, Stanley off...

/PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced that its Board of Directors has named Donald Allan, Jr., currently President and Chief...

/PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced it has signed a definitive agreement for the sale of its automatic doors business, Access...

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.

/PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced it has signed a definitive agreement for the sale of its automatic doors business, Access...

Stanley Black & Decker announced it has signed a definitive agreement for the sale of most of its Security assets to Securitas AB for $3.2 billion in cash. The proposed...

/PRNewswire/ -- Stanley Black & Decker (NYSE: SWK) today announced it has signed a definitive agreement for the sale of most of its Security assets to...

New Britain-based tools and hardware manufacturer Stanley Black & Decker has wrapped up its acquisitions of lawnmower maker MTD and turf care equipment firm Excel Industries. In a statement, Stanley CEO James M. Loree said the buyouts will bring around 8,100 MTD and Excel employees into the company and add more than 2,500 independent equipment dealer outlets to its network.