This week, Doncasters Group announced that the sale of Nelson Fastener Systems to Stanley Black & Decker Inc successfully completed.
Burton upon Trent-based Doncasters has retained the Nelson Automotive stud welding and equipment business as part of its Speciality Automotive division.
Doncasters CEO David Smoot said: “We look forward to continuing a very successful relationship with the customers of the automotive stud welding and equipment business as we focus on delivering exceptional service and value to the stakeholders within our core markets.”
The sale, announced at the start of the year, is part of Doncasters’ efforts to drive growth in its business by focusing on its core specialised markets: Aerospace, Industrial Gas Turbine and Specialty Automotive.
This sales enables Doncasters to pay down some existing debt as well as provide necessary capital to further invest in these markets.