Stanley Engineered Storage Solutions Acquires Denmark-Based Scan Modul System
Allentown, PA (October 22, 2008) -- Stanley Engineered Storage Solutions, based in Allentown, Pa., today announced the acquisition of Scan Modul System®, a leading specialty healthcare storage manufacturer in Hillerod, Denmark.
Scan Modul is a third-generation 100-year-old company that produces flexible, high-quality logistical solutions for all institutions in the healthcare sector with distribution in Germany, Holland, the United Kingdom, France, and Spain. With a complete product range for the storage, transport, and distribution of medical supplies and medicines, Scan Modul manufactures items including open and closed cabinets, open and covered racks, shelves, trays, and boxes, and also offers innovative software that tracks high-value medical supplies.
"Scan Modul is a very well-known and respected brand in the industry," said Jim Cannon, president of Stanley Engineered Storage Solutions. "They are the perfect complement to our North American business of Stanley InnerSpace." Stanley InnerSpace, based in Grand Rapids, Mich., designs and manufactures storage solutions that organize supplies and improve staff efficiency in hospitals and healthcare institutions.
Scan Modul will continue to operate as Scan Modul systems in Europe, and Stanley InnerSpace will continue to serve as a clinical storage solution in North America. Financial terms of the deal were not disclosed.
"This acquisition has doubled the size of our healthcare storage business and provides the financial strength to move Stanley Engineered Storage Solutions forward well into the future," Cannon added.
About Stanley Engineered Storage Solutions
Established in 2007, Stanley Engineered Storage Solutions oversees operations of
Stanley Vidmar, based in Allentown, Pa., and Stanley InnerSpace, headquartered in Grand Rapids, Mich.
Stanley Vidmar offers storage solutions to all industries, with modular space-saving systems that provide quick, safe access to parts, tools, and supplies. Stanley InnerSpace (InnerSpaceCorp.com) designs and manufactures storage solutions that organize supplies and improve staff efficiency in hospitals and healthcare institutions.
Stanley Engineered Storage Solutions is a business unit of The Stanley Works, a diversified worldwide supplier of tools and engineered solutions for professional, industrial, construction, and do-it-yourself use, and security solutions for commercial applications.
