Discover why distributors choose Logistics

IDC-USA

Greenfield Industries

PFERRD Thin COW

Print This Page RSS Feed

Posted June 1, 2012

Stanley/Black & Decker Buys Powers Fasteners

The long-rumored acquisition of Powers Fasteners by Stanley Black & Decker has finally materialized.


In an announcement sent today to distributors of Powers Fasteners, representatives of Powers Fasteners and Stanley Black & Decker confirmed that Stanley Black & Decker’s Construction Do-It-Yourself (CDIY) division has purchased Powers Fasteners, effective today.

In an e-mail sent to distributors, Powers CEO Jeff Powers noted that Lenny Colasounno will continue to lead Powers North America and that Powers' core management team will remain intact with no changes on its commercial side. 

As a separate operating group embedded within the Professional Power Tools Group, Powers will remain as a key brand, the announcement said.

Jeff Powers, CEO of Powers Fasteners, Lenny Colasounno, vice president of sales and marketing for Powers Fasteners and Robert Raff, president of commercial sales and marketing, CDIY, North America for Stanley Black & Decker, also included a video announcement of the acquisition earlier today. Click the image below to watch it:

Stanley video



Share this page: Add to Del.icio.us! Add to Digg! Add to StumbleUpon! Add to Newsvine! Add to Facebook! Add to Google! Add to Yahoo! Add to Technorati! Add to Twitter! Add to LinkedIn! Add to MySpace!

DDI System

Snap-on Tools @ Height

Flex-Hone

Copyright © 2010-2014 Direct Business Media, LLC. All rights reserved.
401 South Fourth Street W, Fort Atkinson, WI 53538
For comments or questions about this Web site contact: rvurva@directbusinessmedia.com