NEW YORK (Standard&Poor's) July 19, 2005--Standard&Poor's Ratings Services said today that its ratings and outlook on New Britain, Conn.-based The Stanley Works Co. (A/Stable/A-1) remain unchanged after Stanley's announcement that it will purchase Facom Tools for €410 million ($494 million) from Fimalac S.A. (unrated). Facom is a leading European manufacturer of industrial hand and mechanics tools, with 2004 sales of €370 million ($445 million). Standard&Poor's believes this acquisition improves Stanley's geographic diversity and expands its distribution channels in Europe, which is currently focused on the construction and do-it-yourself (DIY) segments. In addition, the transaction should present the opportunity for synergies through product sourcing and productivity initiatives. Our ratings incorporate expectations that Stanley will pursue
