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Infastech is getting new ownership

Posted: Mon, Jul 30, 2012 6:02 AM

Infastech, which has a large plant in Decorah, is being bought by Stanley Black & Decker.

The agreement has been announced in a letter to customers and supplies of Infastech. said Infastech would join Stanley's "Engineered Fastening Division."

The present Infastech management team has been asked to join Stanley Black & Decker.

The transaction will not be finalized for several months--probably in the fourth quarter.