Stanley proposes to purchase Facom Tools

Stanley Works has made an offer of € 410 mio to Fimalac, a Parisian financial services company, for the purchase of Facom Tools. This transaction would bring together two leading west European manufacturers of industrial hand tools (Facom) and consumer hand tools (Stanley). Facom markets its products under brand names including Virax, Facom and Usag, and has annual sales approximating € 370 mio.