Stanley Black & Decker Completes Previously Announced Acquisition Of Infastech

  Stanley Black & Decker Completes Previously Announced Acquisition Of
  Infastech

  *Acquisition Expands Stanley Black & Decker’s Industrial Franchise,
    Engineered Fastening Platform & Footprint In Emerging Markets;
  *Highly Complementary Fit With Existing Stanley Engineered Fastening
    Business;
  *Increases Scale, Expands Global Presence, And Opens New End Markets For
    Specialty Fastening Growth

Business Wire

NEW BRITAIN, Conn. -- February 27, 2013

Stanley Black & Decker (NYSE: SWK), an S&P 500 global diversified industrial
company, announced today that it has successfully completed its acquisition of
Infastech, a leading global manufacturer and distributor of specialty
engineered fastening technologies headquartered in Hong Kong, from CVC Capital
Partners and Standard Chartered Private Equity Limited for USD$850 million in
cash. This transaction was originally announced on July 23^rd, 2012.

With revenues of approximately USD$580 million and more than 2,000 employees,
Infastech is one of the world’s leading producers of engineered mechanical
fasteners and one of the largest Asia‐based global players in the specialty
mechanical fastener market. Infastech designs, manufactures and distributes
highly‐engineered fastening technologies and applications for a diverse
blue-chip customer base in the industrial, electronics, automotive,
construction and aerospace end markets. More than half of Infastech’s 2012
revenues were generated in the Asia-Pacific region and once combined with
Stanley Engineered Fastening, the enlarged business will generate close to 40%
of its revenues from this high growth region. Total company revenues from the
emerging markets will increase to approximately 16%, an important step towards
the company’s mid-decade goal of 20%+.

Infastech’s comprehensive product portfolio, including leading brands Avdel®,
ELCO® and iForm®, provides innovative, patented and proprietary technologies
and customized solutions to customers in more than 150 countries worldwide.
The combined engineered fastening platform will generate approximately half of
its revenues from automotive manufacturing, a third from industrial fastening
applications and 20% from high growth verticals such as electronics. With the
acquisition of Infastech, the engineered fastening platform will be
approximately $1.5 billion in annual revenues, in line with the Company’s
mid-decade revenue goal for the platform of $1 - $2 billion.

Stanley Black & Decker continues to expect the transaction to result in annual
cost savings of approximately USD$25 million by 2015. The acquisition is also
expected to be immediately accretive to  Stanley Black & Decker’s  earnings
per share (EPS), with accretion of USD$0.20 per share in 2013 and USD$0.40 per
share in 2015, excluding acquisition-related after-tax charges of
approximately $30 million which will largely be incurred in 2013.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider
of hand tools, power tools and related accessories, mechanical access
solutions and electronic security solutions, engineered fastening systems,
healthcare solutions, infrastructure solutions and more. Learn more at
www.stanleyblackanddecker.com.

Infastech® is one of the world’s largest producers of engineered mechanical
fasteners with revenues exceeding USD$500 million and an industry heritage
built around its lead brands Avdel®, ELCO® and iForm®, dating back as far as
1922. Learn more at www.infastech.com.

Cautionary Note Regarding Forward-Looking Statements

Stanley Black & Decker makes forward-looking statements in this press release
which represent its expectations or beliefs about future events and financial
performance. Forward-looking statements are identifiable by words such as
“believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may” and other
similar expressions. In addition, any statements that refer to expectations,
projections or other characterizations of future events or circumstances are
forward-looking statements. Forward looking statements made in this press
release, include, but are not limited to, statements concerning: Infastech’s
business complementing and expanding Stanley Black & Decker’s existing
operations and international presence; growth prospects; impact on revenues,
cost savings; accretion to earnings and other potential benefits and synergies
of the transaction.

You are cautioned not to place undue reliance on these forward-looking
statements. These forward-looking statements are not guarantees of future
events and involve risks, uncertainties and other known and unknown factors
that may cause actual results and performance to be materially different from
any future results or performance expressed or implied by such forward-looking
statements, including, but not limited to,general economic conditions and
conditions affecting the industries in which Stanley Black & Decker and
Infastech operate; Stanley Black & Decker's ability to successfully integrate
Infastech's operations and employees with Stanley Black & Decker's existing
business; the ability to realize anticipated growth, synergies and cost
savings; and Infastech's performance and maintenance of important business
relationships.

Additional risks, uncertainties and other factors that could cause or
contribute to actual results differing materially from those expressed or
implied in the forward looking statements include, without limitation, those
set forth under Item 1A Risk Factors of Stanley Black & Decker’s Annual Report
on Form 10-K and any material changes thereto set forth in any subsequent
Quarterly Reports on Form 10-Q, or those contained in Stanley Black & Decker’s
other filings with the Securities and Exchange Commission. Stanley Black &
Decker makes no commitment to revise or update any forward-looking statements
to reflect events or circumstances occurring or existing after the date of any
forward-looking statement.

Contact:

Stanley Black & Decker
(United States):
Kate White Vanek, 860-827-3833
Vice President, Investor & Government Relations
kate.vanek@sbdinc.com
or
Tim Perra, 860-826-3260
Director, Global Communications
tim.perra@sbdinc.com