TOWSON, Md., March 18 /PRNewswire-FirstCall/ -- The Black & Decker
Corporation (NYSE: BDK) announced today that it has signed an agreement to
sell its European Security Hardware Business to Assa Abloy for $108 million.
The European Security Hardware Business, which includes the brand names DOM,
Nemef and Corbin, had net sales in 2002 of approximately $102 million. The
sale is subject to regulatory approval and is not expected to have a material
effect on the Corporation's financial results for 2003.
SOURCE The Black & Decker Corporation
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