CRC-Evans Pipeline International has announced that CRC-Evans has been acquired by Stanley Black & Decker for $445 million in cash.
Stanley Black & Decker and CRC-Evans are complementary international companies. The acquisition should enhance CRC-Evans’ global growth strategy and its services to customers worldwide with best-in-class expertise, expanded infrastructure, equipment and services. R&D and technology leadership will continue to be emphasized, and Stanley Black and Decker’s resources should enable CRC-Evans to achieve even higher performance standards.
“Our customers can expect that their relationships with CRC-Evans will not be interrupted,” said CRC-Evans CEO Tim Carey. “It’s business as usual. Our approach to the business will remain the same, and our operations will continue to be everything they expect, and more.” 860.225.5111, www.stanleyblackanddecker.com