-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LnJG9+QnzhZ/sCJ9pcFdkR6Tmn3Xga5AIAr0sGOkbtcUMQBD2XGfrKr0aU2bpbvf 2xH57ucaCjQZpIAxam9HsQ== 0000093556-97-000023.txt : 19971111 0000093556-97-000023.hdr.sgml : 19971111 ACCESSION NUMBER: 0000093556-97-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971029 ITEM INFORMATION: FILED AS OF DATE: 19971110 SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANLEY WORKS CENTRAL INDEX KEY: 0000093556 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 060548860 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05224 FILM NUMBER: 97711306 BUSINESS ADDRESS: STREET 1: 1000 STANLEY DR STREET 2: P O BOX 7000 CITY: NEW BRITAIN STATE: CT ZIP: 06053 BUSINESS PHONE: 8062255111 MAIL ADDRESS: STREET 1: 1000 STANLEY DR CITY: NEW BRITAIN STATE: CT ZIP: 06053 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 10, 1997 The Stanley Works (Exact name of registrant as specified in charter) Connecticut 1-5224 06-058860 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1000 Stanley Drive, New Britain, Connecticut 06053 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code:(860) 225-5111 Not Applicable (Former name or former address, if changed since last report) Exhibit Index is located on Page 4 Page 1 of 6 Pages Item 5. Other Events. 1. On November 10, 1997, the Registrant issued a press release announcing the acquisition by The Stanley Works of the assets and business operations of Atro Industriale S.p.A. Attached as Exhibit 20(i) is a copy of the Registrant's press release. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) 20(i) Press release dated November 10, 1997 announcing the acquisition of Atro Industriale S.p.A. (c) 20(ii) Cautionary statements relating to forward looking statements included in Exhibit 20(i). Page 2 of 6 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized THE STANLEY WORKS Date: November 10, 1997 By: Stephen S. Weddle Name: Stephen S. Weddle Title: Vice President, General Counsel and Secretary Page 3 of 6 EXHIBIT INDEX Current Report on Form 8-K Dated November 10, 1997 Exhibit No. Page 20(i) 5 20(ii) 6 Page 4 of 6 FOR IMMEDIATE RELEASE Exhibit (20)(i) THE STANLEY WORKS ACQUIRES ATRO INDUSTRIALE, LEADING ITALIAN FASTENING SYSTEMS COMPANY New Britain, Connecticut, November 10, 1997 ... The Stanley Works (NYSE: "SWK"), announced today that it has acquired the assets and business operations of Atro Industriale S.p.A. The transaction involved an asset acquisition for cash and will be accounted for as a purchase. The purchase price was not disclosed. The acquisition is expected to enhance Stanley's earnings in 1998. Atro Industriale, a producer of pneumatic tools and related fasteners at manufacturing facilities near Milan, is the Italian market leader and a strong participant in the rest of Europe. It has annual revenues in excess of $40 million and serves primarily an industrial customer base. John M. Trani, Chairman and Chief Executive Officer commented: "The acquisition of the Atro business provides us access to Atro's established Italian and European distribution networks, as well as additional quality manufacturing." Mr. Trani continued: "The Atro acquisition will immediately establish us as the European leader in this profitable and growing market. The potential we see for generating sustained, profitable organic growth from this combination is exciting. We will integrate Atro's sales efforts and operations into our new European organization. This will enable us to offer all customers a full line of products, complemented with Stanley's and Atro's reputations for advanced technological designs." The Stanley Works, an S&P 500 company, is a worldwide producer of tools, hardware and door systems for professional, industrial and consumer use. Contact: Gerard J. Gould Director, Investor Relations and Communications Tel.: (860) 827-3833 This press release contains forward looking statements as to the company's ability to complete the proposed acquisition and achieve earnings accretion and growth from it. Cautionary statements accompanying these forward looking statements are set forth, along with this news release, in a Form 8-K filed with the Securities and Exchange Commission today. The Stanley Works corporate press releases are available through PR Newswire's "Company News On-Call" service. By FAX: dial 1-800-758-5804, ext. 874363 or on the internet at: http://www.prnewswire.com or http://www.StanleyWorks.com. Page 5 of 6 Exhibit (20) (ii) CAUTIONARY STATEMENTS Under the Private Securities Litigation Reform Act of 1995 Certain risks and uncertainties are inherent in the company's ability to achieve the earnings enhancement and profitable organic growth discussed in the press release regarding the acquisition of the business of Atro Industriale S.p.A. ("Atro") issued today and filed with the Current Report on Form 8-K to which this exhibit is attached. The company's ability to achieve an enhancement in earnings in 1998 and profitable organic growth as a result of the acquisition of the Atro business will be dependent on whether the integration of the operations of Atro into the Company is effected in accordance with current plans. If the process of integration does not proceed as expected, the achievement of the levels of profitability, growth, cost and synergies that are necessary to produce the profitable organic growth and the positive earnings impact in 1998 may be jeopardized or delayed. -----END PRIVACY-ENHANCED MESSAGE-----