Stanley Black & Decker acquires Nelson Fastener Systems
While delivering its Q4 and year-end results, Stanley Black & Decker revealed that it had reached an agreement to acquire Nelson Fastener Systems.
Based in Elyria, Ohio, Nelson manufactures and distributes weld stud fasteners and application equipment for the construction and industrial markets. The $440 million cash deal does not include Nelson’s automotive stud welding business.
Stanley Black & Decker reported that Nelson had revenues of $200 million for the past 12 months. The deal is expected to close in the first half of 2018.
In a prepared statement, Stanley Black & Decker reported that Nelson enhances its engineered fastening's presence in the general industrial end markets and expands the New Britain, Conn.-based manufacturer’s portfolio of highly engineered fastening solutions and will deliver cost synergies.
Stanley Black & Decker reported fourth quarter 2017 net sales of $3.4 billion, up 17% compared to net sales of $2.9 billion in the fourth quarter 2016. For the full year, 2017 net sales increased 12% to $12.7 billion from $11.4 in the prior year.
Based in Elyria, Ohio, Nelson manufactures and distributes weld stud fasteners and application equipment for the construction and industrial markets. The $440 million cash deal does not include Nelson’s automotive stud welding business.
Stanley Black & Decker reported that Nelson had revenues of $200 million for the past 12 months. The deal is expected to close in the first half of 2018.
In a prepared statement, Stanley Black & Decker reported that Nelson enhances its engineered fastening's presence in the general industrial end markets and expands the New Britain, Conn.-based manufacturer’s portfolio of highly engineered fastening solutions and will deliver cost synergies.
Stanley Black & Decker reported fourth quarter 2017 net sales of $3.4 billion, up 17% compared to net sales of $2.9 billion in the fourth quarter 2016. For the full year, 2017 net sales increased 12% to $12.7 billion from $11.4 in the prior year.