Stanley Black & Decker reports that organic sales for its Industrial & Automotive Repair (IAR) segment increased 5 percent in the fourth quarter of 2013, primarily because of volume increases in North America and Europe.
Volume growth in North America was due, in part, to strength within Mac Tools mobile distribution. Management attributed the Mac Tools growth to a number of factors, including net distributor adds, distributor productivity gains, mentoring and training programs, improved financing, more proprietary products and the ability to now carry DeWalt tools on Mac trucks.
European growth was partly attributable to the impact of the Equip Auto trade fair.
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