SHELTON, Conn. (AP) -- Power tools maker Black & Decker Corp. said Tuesday that its fastening and assembly systems unit has purchased Fastener Innovation Technology Inc.
Terms were not disclosed.
Fastener, based in Gardena, Calif., designs and makes aerospace fasteners. Black & Decker's Emhart Teknologies said the deal will help it better serve the aerospace, military and commercial aircraft industries.
Some of Fastener's customers include Boeing Co., General Electric Co. and Gulfstream Aerospace Corp.
Emhart's acquisition of Fastener closed on Monday.
