Stanley Black & Decker completed its $440 million cash acquisition of Nelson Fastener Systems from Doncasters Group. The sale does not include Nelson Automotive’s stud welding business.

“Nelson enhances Engineered Fastening’s presence in the general industrial end markets, (and) expands its portfolio of highly engineered fastening solutions,” Stanley Black & Decker stated when it announced the deal in January.

The sale is part of Doncasters’ efforts to focus on its core specialized markets: Aerospace, Industrial Gas Turbine and Specialty Automotive. Doncasters said the deal will enable it to pay down some existing debt as well as provide capital to further invest in these markets and accelerate growth.

Elyria, OH-based Nelson Fastener Systems manufactures fasteners for the aerospace, automotive, construction, energy, industrial, marine and military markets. The company generates about $200 million in annual revenue. Web: NelsonFastenerSystems.com

During the final quarter of 2017, Stanley Black & Decker’s Engineered Fastening organic revenues increased 1% “as automotive fastener penetration gains, which enabled growth in excess of light vehicle production, and strong volume growth in general industrial markets more than offset the impact from lower self-piercing rivet system shipments in automotive and lower volumes within electronics.” Web: StanleyBlackandDecker.com