Epiroc has agreed to acquire Stanley Infrastructure from Stanley Black & Decker
Mining and construction machinery manufacturer Epiroc has agreed to acquire Stanley Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools.
“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,” Epiroc president and CEO Helena Hedblom says.
“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.”
Stanley Infrastructure’s brands include LaBounty, Paladin, Pengo and Dubuis and has 10 key production facilities in the United States, Canada, France and China.
“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,” Epiroc tools and attachments division president Goran Popovski says.
“We look forward to welcoming the great team at Stanley Infrastructure to the Epiroc Group, and to grow successfully together.”