KLX Partners with Stanley Black & Decker to Develop Innovative Tooling solutions
19 June 2017
KLX Partners with Stanley Black & Decker to Develop Innovative Tooling Solutions
WELLINGTON, FL, June 19, 2017 – KLX Inc. (the “Company”) (NASDAQ: KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, announced today that it is partnering with Stanley Black & Decker, an S&P 500 diversified industrial company, to develop and deliver innovative tooling product solutions to all segments of the commercial aerospace and military/defense markets.
KLX and Stanley Black & Decker are partnering to better support the unique requirements of the aerospace and defense industries by combining KLX’s industry leading inventory management services with Stanley Black & Decker’s complete line of power tools, hand tools accessories and storage systems. Commenting on the new partnership, John Cuomo, General Manager and Group Vice President of KLX Aerospace Solutions stated, “This partnership is a representation of our strategy to expand products and services to new and existing customers globally. Aerospace and defense customers are actively seeking new ways to improve their operational efficiencies, and this partnership will address those needs through increased productivity, reduced order complexity and supplier consolidation.”