The Stanley Works Completes Acquisition of Contact East

Apr 30, 2001, 01:00 ET from The Stanley Works

    NEW BRITAIN, Conn., April 30 /PRNewswire/ -- The Stanley Works
 (NYSE:   SWK) announced today that it has completed the acquisition of Contact
 East, Inc. The transaction, which was announced April 12, 2001, has received
 all required regulatory approvals and Stanley has acquired 100% of the
 outstanding common shares of Contact East.
     Contact East is a leading business-to-business distributor of mission-
 critical tools and supplies for assembling, testing and repairing electronics
 in the United States.
 
     The Stanley Works, an S&P 500 company, is a worldwide supplier of tools
 and doors and related hardware products for professional, industrial and
 consumer use. In 2000, the company reported revenues of $2.75 billion.
 
     The Stanley Works corporate press releases are available on the company's
 Internet web site at http://www.stanleyworks.com. Alternatively, they are
 available through PR Newswire's "Company News On-Call" service by FAX at
 800-758-5804, ext. 874363.
 
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SOURCE The Stanley Works
    NEW BRITAIN, Conn., April 30 /PRNewswire/ -- The Stanley Works
 (NYSE:   SWK) announced today that it has completed the acquisition of Contact
 East, Inc. The transaction, which was announced April 12, 2001, has received
 all required regulatory approvals and Stanley has acquired 100% of the
 outstanding common shares of Contact East.
     Contact East is a leading business-to-business distributor of mission-
 critical tools and supplies for assembling, testing and repairing electronics
 in the United States.
 
     The Stanley Works, an S&P 500 company, is a worldwide supplier of tools
 and doors and related hardware products for professional, industrial and
 consumer use. In 2000, the company reported revenues of $2.75 billion.
 
     The Stanley Works corporate press releases are available on the company's
 Internet web site at http://www.stanleyworks.com. Alternatively, they are
 available through PR Newswire's "Company News On-Call" service by FAX at
 800-758-5804, ext. 874363.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X57518760
 
 SOURCE  The Stanley Works