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Read: Stanley to Sell Majority of Its Lock Businesses to dormakaba for $725M

Stanley to Sell Majority of Its Lock Businesses to dormakaba for $725M

Stanley plans to retain its commercial electronic security and automatic doors businesses.

Read: dormakaba Completes $142M Deal to Acquire Mesker Openings Group

dormakaba Completes $142M Deal to Acquire Mesker Openings Group

Mesker has about 400 employees and reported turnover of about $67 million in 2015, with an adjusted EBITDA margin close to 20%.

Read: Kaba Merger With Dorma Holding to Create $2.1B Access Titan

Kaba Merger With Dorma Holding to Create $2.1B Access Titan

The combined entity is expected to benefit from distribution and cost-saving synergies which would allow it grow faster than standalones.

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