Epiroc completes acquisition of STANLEY Infrastructure
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Epiroc AB, a leading productivity and sustainability partner for the mining and construction industries, 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 US.
STANLEY Infrastructure, which was a business within Stanley Black & Decker’s Industrial business segment, is headquartered in Milwaukie, Oregon, US. 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 million, and about 1380 employees, mainly in the US.
The business has 10 key production facilities, in the US, Canada, France, and China. The vast majority of the revenues are generated in North America.
Read the article online at: https://www.globalminingreview.com/mining/02042024/epiroc-completes-acquisition-of-stanley-infrastructure/
You might also like
Supporting The Evolution Of Electrification
Mika Kinnunen, Normet, discusses why supporting new adopters of electrification and battery technology in the mining industry throughout the lifecycle is vital.