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CZECH TOOL MANUFACTURER BECOMES PART OF STANLEY

 CZECH TOOL MANUFACTURER BECOMES PART OF STANLEY
 NEW BRITAIN, Conn., Aug. 5 /PRNewswire/ -- The Stanley Works


(NYSE: SWK) today announced the purchase of a controlling interest in Tona a.s. Pecky, a major Czechoslovak manufacturer of mechanic's tools. Richard H. Ayers, chairman and chief executive officer of Stanley commented, "We are extremely pleased with the addition of Tona to Stanley's European operations. It is an excellent company, with state- of-the-art manufacturing that will help us achieve our goals for long- term growth in Europe."
 Tona is situated in the town of Pecky, 45 kilometers east of Prague in central Bohemia, Czech Republic. The company is a major producer of wrenches, torque wrenches, socket sets and specialty forgings sold principally to the Czechoslovak industrial market. Tona has 500 employees and is widely recognized as one of Czechoslovakia's most advanced tool manufacturing facilities. It has its own in-house engineering facility, and has designed and built much of its own special equipment.
 According to Ayers, "A critical aspect of Stanley's long-range growth strategy is expanding our market reach in all regions of the world. Establishing a solid manufacturing presence in Eastern Europe is the first step in achieving a strong market position there. In 1991, we announced a joint venture in Poland with one of that country's largest manufacturers of hand tools. Now, Tona's operation in Czechoslovakia adds new products and new manufacturing capabilities for us in Eastern Europe. Like our operation in Poland, Tona will be a part of Stanley Tools-Europe. Its products will be sold throughout Europe and around the world."
 The Stanley Works, founded in 1843, is a worldwide manufacturer and marketer of tools, hardware and specialty hardware products for consumer, home improvement, professional and industrial use.
 -0- 8/5/92
 /CONTACT: Patricia McLean of Stanley Works, 203-827-3381/
 (SWK) CO: Stanley Works ST: Connecticut IN: SU: TNM


PS -- NY049 -- 7082 08/05/92 12:02 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
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