Projo Biz Blog

The Stanley Works, the Connecticut-based company that owns Stanley Fastening Systems in East Greenwich, sold its measuring-tool unit CST/Berger for $205 million to Robert Bosch GmbH

Stuttgart, Germany-based Bosch vies with Continental AG as the world's largest auto-parts maker and bought the measuring tool unit to expand its business for products such as leveling tools in the U.S
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CST/Berger, based in West Lafayette, Indiana, has about 350 employees in the U.S., Germany and Italy, and posted sales of $90 million last year.
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Stanley Works (SWK:NYSE) is based in New Britain, Connecticut and employs about 650 workers in Rhode Island.

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