Epiroc will use bridge facility for $760 million tools business acquisition

Chicago, Dec. 15 – Epiroc AB has a bridge facility it will use to fund the cash acquisition of the attachment and handheld hydraulic tools business from Stanley Black & Decker, Inc. for $760 million, according to a press release and a presentation from the company.

The transaction is expected to close at the end of the first quarter in 2024.

Based in Stockholm, Epiroc is a manufacturer of mining and infrastructure equipment. Stanley Black & Decker is a New Britain, Conn.-based maker of hand tools, power tools and accessories.

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