Epiroc AB has completed the acquisition of STANLEY Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools, from Stanley Black & Decker, Inc. The strategic acquisition will strengthen Epiroc’s presence in the attachments business in infrastructure and construction, especially in the United States.
STANLEY Infrastructure, which was a business within Stanley Black & Decker’s Industrial business segment, is headquartered in Milwaukie, Oregon, United States. It designs, manufactures and sells attachments, typically used on excavators, and handheld hydraulic and battery-powered tools for applications in infrastructure, construction, scrap recycling, demolition, and railroad infrastructure.
Its strong and innovative brands include LaBounty, Paladin, Pengo and Dubuis. STANLEY Infrastructure had revenues in 2023 of about US$ 450-milliom and about 1 380 employees, mainly in the United States. More financial information will be provided during Epiroc’s first quarter 2024 results presentation on April 23.
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