It will be run by Greg Gluchowski, who currently serves as the unit's president at Stanley Black & Decker. Gluchowski will report to Spectrum CEO David Lumley.The deal announced Tuesday also includes certain assets of Taiwan's Tong Lung Metal Industry Co., which makes residential and commercial locksets. Stanley Black & Decker purchased Tong Lung over for summer for about $100 million. Spectrum's acquisition of the Tong Lung assets is anticipated to close in the second quarter.
Stanley Black & Decker Selling Unit For $1.4B
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