Stanley Black & Decker Acquires Tong Lung Metal Industry for US$750 Million
Stanley Black & Decker, one of the world’s top 100 enterprises has acquired Taiwan’s Tong Lung Metal Industry Co., LTD for US$750 million.
Tong Lung Metal Industry Co., LTD is the biggest lock maker in Taiwan. The company is also the industry’s third largest in Asia, fifth largest in the world. Tong Lung’s president, Tony Ho, said that the acquisition deal is a major recognition of Taiwan’s Rd and manufacturing capabilities.