Epiroc AB has agreed to acquire Stanley Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools, from Stanley Black & Decker. The strategic acquisition will strengthen Epiroc’s presence in the attachments business in infrastructure and construction.
Epiroc will purchase Stanley Infrastructure for US$760 million via an all-cash transaction with secured financing through a bridge facility.
“We are very excited about this strategic acquisition, which is a major step to strengthen our long-term presence in the infrastructure and construction industries,” said Helena Hedblom, Epiroc’s President and CEO.
“Stanley Infrastructure has industry-leading products, services and solutions with renowned brands, solid customer relationships, and a strong people culture, which all makes this a perfect fit for Epiroc. Our product portfolios complement each other very well, and this fills some important gaps in our current offering. In addition, we gain access to a broad indirect sales network, which will further diversify and strengthen our footprint. Infrastructure and construction have attractive drivers that include urbanization and scrap recycling for steel production, which will support long-term growth.”
Stanley Infrastructure, a business within Stanley Black & Decker’s Industrial business segment, 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.
Stanley Infrastructure brands
Its brands include LaBounty, Paladin, Pengo and Dubuis. Stanley Infrastructure generated about US$450 million in 2023 and employs about 1,380 employees, mainly in the United States. The business has 10 key production facilities, in the United States, Canada, France and China. Most revenue is generated in North America.
“Customers will benefit from having access to a more complete product portfolio, which we together will continue to develop to meet customers’ increasing need for versatility and productivity,” said Goran Popovski, President of Epiroc’s Tools & Attachments division.
“We look forward to welcoming the great team at Stanley Infrastructure to the Epiroc Group, and to grow successfully together.”
Epiroc will Purchase Stanley Infrastructure for US$760 million via an all-cash transaction with secured financing through a bridge facility.