Stanley Black & Decker acquires CRC-Evans

August 23, 2010

Stanley Black & Decker, based on New Britain, Conn., has acquired CRC-Evans Intl., a global supplier of specialized tools, equipment, and services for the construction of large-diameter oil and natural gas transmission pipelines.

Stanley Black & Decker President and CEO John F. Lundgren commented, "This is a financially and strategically compelling transaction for Stanley Black & Decker. CRC-Evans is a highly profitable, growth-oriented company with outstanding value propositions and strong customer relationships. As we continue our strategy to diversify outside of construction and do-it-yourself (CDIY) and industrial tools, we see this acquisition as an important step in building our infrastructure solutions business through acquisitions."

CRC-Evans, based in Houston, sells and rents custom pipe handling and joint welding and coating equipment.

Stanley Black & Decker is a global provider of hand tools, power tools and related accessories, mechanical access systems and electronic security systems, engineered fastening systems, and infrastructure systems.



More in Power Tools from TheFabricator.com

comments powered by Disqus