Epiroc has completed the acquisition of Stanley Infrastructure from Stanley Black & Decker Inc. The strategic acquisition aims to strengthen Epiroc’s presence in the attachments business in infrastructure and construction, particularly in the United States.
Stanley Infrastructure is headquartered in Milwaukie, Oregon. 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 brands include LaBounty, Paladin, Pengo and Dubuis.
Stanley Infrastructure had revenues in 2023 of about US$450 million 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.Â
The business has 10 key production facilities, in the United States, Canada, France and China. However, most of its revenue is generated in North America.
In December, Epiroc announced its plan to acquire Stanley Infrastructure for US$760 million via an all-cash transaction with secured financing through a bridge facility.
Last month, the company announced it will split its tool and attachment businesses into two new divisions: the Rock Drilling Tools division and the Mining & Infrastructure Attachments division.
