Stanley to Sell Majority of Its Lock Businesses to dormakaba for $725M
Stanley plans to retain its commercial electronic security and automatic doors businesses.
Stanley plans to retain its commercial electronic security and automatic doors businesses.
Mesker has about 400 employees and reported turnover of about $67 million in 2015, with an adjusted EBITDA margin close to 20%.
The combined entity is expected to benefit from distribution and cost-saving synergies which would allow it grow faster than standalones.