Shakti Unites Companies With Iconic Brands (PAG & STANLEY)

Stanley Mechanical Solutions

PAG International Pvt. Ltd., a business division of Shakti group is all set to sign a strategic tie-up with Stanley Security Solutions, Inc. for a nationwide commercial roll-out of access control and integrated security solutions, with a strong emphasis on service and quality. The company has tied-up with a subsidiary of ‘The Stanley Works’ which is a US based company employing approximately 20,000 people and, in 2010, had worldwide sales of around $4.5 billion. Stanley Security Solutions is a global leader in providing security solutions for commercial applications and for marketing of quality power tools and accessories, hardware and home improvement products.

An All India Hardware Distributor’s conference was organised by Shakti group on 22nd February at Sahara Star, Mumbai which was attended by all of India’s top hardware distributers for officially introducing Stanley and their products to the Indian market. All their products ranging from hinges to locks have ‘ANSI certification’ and they rupture all existing quality records to provide the highest quality products in the whole world.

India is a price conscious market new to such products but Stanley is confident about establishing themselves in the Indian market and to raise the quality expectations to new levels with the support of Shakti Group, the market leader for architectural hardware in India . Mr. Kate Perry (the head of international operations for Stanley Security Solutions) and Mr. Pradeep Kainya (Managing director of Shakti group) unveiled the future plans for altering the Indian hardware market and introducing high quality products along with enhanced service levels.

Mr. Pradeep Kainya commented, “The complementary product and market fit of these two companies create significant value for both the companies that neither company can accomplish on a stand-alone basis. Joining forces with Stanley brings together two world-class companies with rich histories and strong track records in a one-of-a-kind opportunity to create outstanding benefits for our respective shareholders, customers and employees.

We are excited by the opportunity to combine Stanley’s unmatched lineup of security hardware with Shakti’s leading franchise of hardware and security products and services in a transaction that is both strategically compelling and financially attractive to the stakeholders of both companies. In addition to the new company's iconic brands, we each share a common heritage and passion for developing innovative products that meet the evolving needs of our end users, along with a commitment to operational excellence that will make us a supplier of choice across these categories."

About Stanley

Founded in 1843 in New Britain, Connecticut, the Stanley Works' early credits include the first hinge hasp, the first crate hinge, the first hinge with reinforced joint, the first "blind" hinge, and in 1899, the first patent for a ball bearing hinge.

Today, Stanley is a global organization supplying hardware and tools for the architectural, consumer, industrial and residential markets worldwide. Utilizing state-of-the-art research, manufacturing and quality-control capabilities that incorporate the latest techniques, procedures and equipment, Stanley continues to deliver the innovative, high quality products that have made the Stanley name synonymous with the highest craftsmanship and dependability for more than 150 years.

To know more please visit : http://www.stanleycommercialhardware.com/