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Stanley Black & Decker completes Powers acquisition
Global tools company Stanley Black & Decker has confirmed completion of its acquisition of Powers Fasteners, supplier of concrete and masonry anchors and forced entry fasteners, allowing the combined company to offer a complete range of fastening systems.
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he group’s media release emphasises the intention to leverage the Powers fastener and anchor ranges with the Bostitch fastening portfolio in commercial construction, providing a complete range of industry-leading products, including several new innovations already planned for 2013.
Colin Earl, vice president of hand tools and fastening of Stanley Black & Decker Europe,
commented: “The Powers team has a proud heritage of growth, product innovation and commitment to excellence, having been accredited with more ETA approvals than any other in the last 4 years, and we are delighted to welcome them to Stanley Black & Decker. Utilising the existing Bostitch fastening portfolio, the combined business is uniquely placed to serve the demands of a wide spectrum of fastening end users and applications, not least mechanical anchors, adhesive anchoring and forced entry.” A series of public events and trade days are already planned for early 2013, where users will
be able to get their hands on the combined range and speak to expert staff. Colin Earl concludes: “This is an exciting new period that marks the start of Stanley Black & Decker being able to offer a broader, more comprehensive and higher quality fastening range than ever before, and we look forward to announcing details of new products and innovations in 2013 and beyond.”
Würth Group acquires Chemofast
Würth Group has acquired chemical company Chemofast Anchoring GmbH, based in the German town of Willich, subject to there being no regulatory objections.
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expanding in the growth market of chemicals while also strengthening our core competence of fastening,” Peter Zürn, deputy chairman of the central managing board of the Würth Group and head of Würth’s chemical unit, commented. In June 2012, the Würth Group had already acquired the chemical companies Dinol and Diffutherm. Würth takes over the entire management
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hemofast Anchoring GmbH has around 60 employees and generated sales of 30 million euros in 2011. “By acquiring Chemofast we are
and all employees of Chemofast. “This is a professional management team with excellent market knowledge, allowing us to quickly attain our growth targets,” said Peter Zürn. Ralf Jungermann and Roger Wintzen, managing directors of Chemofast, are delighted that the company will now form part of the Würth Group. “We have a high export share and many multinational customers. Hence, our international approach is perfectly suited for Würth.”
investment biggest in its history
When tesa’s CEO, Thomas Schlegel, led the ground-breaking ceremony for the company’s new headquarters in Norderstedt, Germany, recently he marked the beginning of the biggest investment project in the history of the global technology group.
he plot near Hamburg measures 86,000 square metres which by 2015 will be home to a complex housing tesa’s research and technology centre alongside new corporate headquarters. The overall investment will amount to 160 million euros. “The new complex made up of the headquarters and a research and technology centre,
precisely tailored to our business model, will see us further concentrate our strengths and bolster the tesa Group’s international competitiveness for many years to come. It will enable us to react far faster and with greater flexibility to our customers’ varying wishes,” explained Schlegel. “Our new site in Norderstedt gives us the ideal setup to raise our rate of innovation and build on our position in the champions’ league of globally active adhesive tape manufacturers.” Construction is due to start in January 2013 and the aim is for around 750 tesa SE employees to move to the company’s new flagship site mid-2015.
Fastener + Fixing Magazine • Issue 79 January 2013
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