14/01/2009
Stanley works completes Sonitrol acquisition
New Britain, CT (USA)
The Stanley Works has completed its previously announced purchase of Sonitrol Corporation from an ownership group comprised of Carlyle Venture Partners, Wachovia Capital Partners and Spire Capital Partners as well as selected members of Sonitrol management for USD 275 million cash, subject to customary adjustments.
Sonitrol, headquartered in Berwyn, PA, provides security monitoring services, access control and fire detection systems to commercial customers in North America via two monitoring centers and a national multi-channel distribution network.
The Stanley Works, an S&P 500 company with 2007 revenues of USD 4.5 billion, is a diversified worldwide supplier of tools and engineered solutions for professional, industrial, construction and do-it-yourself use, and access security solutions for commercial applications.
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