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DUBLIN (dpa-AFX) - Allegion Plc (ALLE), a provider of security products and solutions, Friday said it has signed a definitive agreement to acquire Stanley Access Technologies LLC and assets related
/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.
The sale of Stanley’s business in commercial, automatic doors marks its exit from the...
The US markets are in the red today following hawkish comments by the Federal Reserve Chair Jerome Powell highlighting a possible 50 basis points interest rate increase next month.