Stanley Black & Decker

KPS Capital Partners signed a definitive agreement to sell the attachments division of International Equipment Solutions (IES Attachments) to Stanley Black & Decker for $690 million. The division includes Paladin, Genesis and Pengo brands.

Stanley Black & Decker is planning to open a massive 300,000 sq ft manufacturing plant in the US, increasingly integrating robotics and 3D printing into its manufacturing processes.

Dormakaba announced it is acquiring certain mechanical security businesses from Stanley Black & Decker, including Stanley Commercial Hardware and GMT in China, for $725 million. The transaction is expected to close in Q1 2017.