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Manufacturing

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Bloomberg News

Stanley Works acquiring Black&Decker for US$4.5B

Stanley Works is buying rival Black&Decker Corp. for US$4.5 billion, the two firms said Monday. Stanley shareholders will own about 50.5 per cent of the combined company, which will be named named Stanley Black&Decker. Black&Decker shareholders will own an approximate 49.5 per cent stake. Stanley chairman John Lundgren will be president and CEO of the combined entity. The deal still must still receive regulatory and shareholder approval.

Trade

Six New Brunswick firms attend food, beverage show

Six New Brunswick companies are among a delegation that will be attending North America's largest food and beverage show next week in Miami Beach. McCain Foods of Florenceville, Degenhardt European Sausage Farm in Glenvale, True North Salmon in Blacks Harbour, Village Bay Sea Products in Richibucto Village, HSF Foods in Centreville and Cavendish Farms in Dieppe will travel to the show, expected to attract more than 5,000 buyers.

Conference

APEC outlook to focus on road to recovery in region

The Atlantic Provinces Economic Council will be holding its 15th annual business outlook conference next week. The New Brunswick session is scheduled for Tuesday, Nov. 10, at the Trade and Convention Centre in Saint John. Canadian Tire retail president G. Michael Arnett will be the keynote speaker and industry speakers will include Doug Ettinger (Ganong Bros.), Roxanne Fairweather (Innovatia) and Mark Fracchia (Potash Corp).