dormakaba completes Stanley Black & Decker security division buy-out

Following last year’s announcement, dormakaba has now completed the acquisition of certain Mechanical Security businesses from Stanley Black & Decker.

Included in the buy out is Stanley Commercial Hardware, based mainly across North America witha production facility in Taiwan, as well as GMT in China.

The move makes dormakaba a strong number three player in the North American market – previously it was “a distant four”. The company can now offer the full portfolio of door hardware and access control solutions to customers.best product-slide-other-Lseries-4

The purchase has boosted dormakaba’s potential for profitable growth, the firm said, thanks to a large installed base with hundreds of thousands of end-user sites across the States, big name brands like BEST and PHI, and an enhanced product breadth including mechanical security solutions as well as wireless and cloud-based electronic locks.

With the closing of the transaction, Philip Bradney will join dormakaba and will take over managing responsibility for the acquired businesses in North America. Bradney has decades-long experience in the industry. For over twenty years he held senior management positions at BEST Access Systems and then Stanley, guiding the company’s integration into Stanley Black & Decker until 2009.

COO of Access Solutions Americas Michael Kincaid said: “We are pleased that Philip Bradney is joining our Americas team and are convinced that his extensive industry knowledge and integration experience will be a valuable asset for grasping the opportunities presented by this acquisition.”

www.dormakaba.com

 

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