CRC-Evans Acquired by Stanley Black & Decker for $445M Cash

CRC-Evans Pipeline International announced July 30 that CRC-Evans has been acquired by Stanley Black & Decker for $445 million in cash. The companies expect that the acquisition should enhance CRC-Evans’ global growth strategy and its services to customers worldwide. 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.