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{{short description|American manufacturer of industrial tools and household hardware}}
{{Infobox Company
{{redirect2|Stanley Works|Facom|the factory started by British inventor William Stanley|William Stanley (inventor)|the line of computers|FACOM}}
| company_name = The Stanley Works
{{Distinguish|Stanley Electric}}
| company_logo = [[Image:Stanleylogo.gif]]
{{Infobox company
| company_type = [[Public]] ({{nyse|SWK}})
| name = Stanley Black & Decker, Inc.
| foundation = [[1843]]<ref name="history">{{cite web |url = http://www.stanleyworks.com/a_history.asp |title = Company History |author = Stanley Works | accessdate= 2008-01-09 |language = English}}</ref>
| logo = Stanley Black & Decker Logo.svg
| founder = [[Frederick Trent Stanley]]<ref name="history"/>
| logo_size = 250px
| location_city = {{flagicon|USA}} [[New Britain, Connecticut|New Britain]], [[Connecticut]]
| type = [[Public company|Public]]
| location_country =
| traded_as = {{unbulleted list|{{nyse|SWK}}|[[S&P 500]] component}}
| key_people = John F. Lundgren</br>[[Chairman]] and [[CEO]]</br>James M. Loree</br>[[EVP]] and [[CFO]]
| foundation = {{Start date and age|1843}} as Stanley's Bolt Manufactory
| industry = [[Hardware]]
| founder = [[Frederick Trent Stanley]]
| products = [[Tool]]s
| hq_location = {{nowrap|[[New Britain, Connecticut]], U.S.}}
| revenue = [[United States Dollar|US $]]4.48 billion ([[2007]])<ref name="googf">{{cite web |url = http://finance.google.com/finance?q=NYSE:SWK |title = The Stanley Works |author = Google Finance | accessdate= 2008-01-09 |language = English}}</ref>
| key_people = {{unbulleted list|[[Andrea J. Ayers]] (Chairman)|Don Allan (President & CEO)}}
| num_employees = 17,600<ref name="googf"/>
| industry = [[Manufacturing]]
| parent =
| products = [[Tools]], [[Outdoor equipment]], [[Industrial solutions]]
| homepage = [http://www.stanleyworks.com/ Stanley Works]
| brands = ''[[#Business segments and brands|See list]]''
| revenue = {{decrease}} {{US$|15.78 billion|link=yes}} (2023)
| operating_income = {{decrease}} US$&minus;376 million (2023)
| net_income = {{decrease}} US$&minus;311 million (2023)
| assets = {{decrease}} US$23.66 billion (2023)
| equity = {{decrease}} US$9.056 billion (2023)
| num_employees = {{circa|50,500}} (2023)
| homepage = {{URL|stanleyblackanddecker.com}}
| footnotes = <ref name="history">{{cite web|publisher=Stanley Works|url=http://www.stanleyworks.com/a_history.asp|title=Company History|access-date=January 9, 2008|url-status=dead|archive-url=https://web.archive.org/web/20050205173810/http://www.stanleyworks.com/a_history.asp|archive-date=February 5, 2005|df=mdy-all}}</ref><ref name=10-K>{{cite web|title=Stanley Black & Decker, Inc. 2023 Annual Report (Form 10-K) |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/93556/000009355624000032/swk-20231230.htm |date=February 27, 2024|access-date=February 27, 2024}}</ref>
}}
}}


'''Stanley Black & Decker, Inc.''', formerly known as '''The Stanley Works''', is a [[Fortune 500|''Fortune'' 500]] American manufacturer of industrial [[tools]] and [[household hardware]], and a provider of security products. Headquartered in the greater [[Hartford]] city of [[New Britain, Connecticut|New Britain]], [[Connecticut]],<ref>{{Cite web|url=http://fortune.com/fortune500/stanley-black-decker/|title=Stanley Black & Decker|website=Fortune|language=en-US|access-date=2018-11-25}}</ref> Stanley Black & Decker is the result of the merger of The Stanley Works and [[Black+Decker|Black & Decker]] on March 12, 2010.<ref>{{cite press release|publisher=Stanley Black & Decker|title=Stanley and Black & Decker Complete Merger|url=http://www.stanleyblackanddecker.com/news/stanley-and-black-decker-complete-merger|date=March 12, 2010|access-date=March 19, 2010|url-status=dead|archive-url=https://web.archive.org/web/20100415063316/http://www.stanleyblackanddecker.com/news/stanley-and-black-decker-complete-merger|archive-date=April 15, 2010|df=mdy-all}}</ref>
{{references|date=May 2007}}


== History ==
'''The Stanley Works''' ({{nyse|SWK}}) (known casually as simply '''Stanley''') is a manufacturer of [[tool]]s and [[hardware]] headquartered in [[New Britain, Connecticut]].
The Stanley Works came to existence as a direct result of the 1920 merger of Stanley's Bolt Manufactory, founded by [[Frederick Trent Stanley]] in 1843, and the Stanley Rule and Level Company,<ref name="Patrick's Blood and Gore" >{{cite web
|title=Patrick's Blood and Gore
|url=http://supertool.com/StanleyBG/stan0a.html
|publisher=Leach, Leach
}} Enormously detailed model history of [[plane (tool)|plane]]s manufactured by Stanley.</ref> founded by Frederick's cousin, Henry Stanley, in 1857. [[DeWalt]] was acquired in 1960, and sold to Black & Decker.
In March 12, 2010 Black & Decker merged with Stanley Works to become Stanley Black & Decker. It’s a wholly owned subsidiary of that company.


During World War II, Stanley Works received the [[Army-Navy "E" Award]] for excellence in war production.<ref>{{cite web
==History==
| title = File:Army-Navy Production Award to Stanley Works, presentation program, January 20, 1943 - New Britain Industrial Museum - DSC09905.JPG
The company was created by the 1920 merger of Stanley's Bolt Manufactory, founded by [[Frederick Trent Stanley]] in [[1843]], and [[Stanley Rule and Level Company|The Stanley Rule and Level Company]], founded by Frederick's cousin, [[Henry Stanley (industrialist)|Henry Stanley]], in 1857.
| work = Wikimedia Commons
| date = 27 June 2013
| access-date = January 21, 2014
| url = https://commons.wikimedia.org/wiki/File:Army-Navy_Production_Award_to_Stanley_Works,_presentation_program,_January_20,_1943_-_New_Britain_Industrial_Museum_-_DSC09905.JPG
}}</ref>


[[File:Army-Navy Production Award to Stanley Works, presentation program, January 20, 1943 - New Britain Industrial Museum - DSC09905.JPG|thumb|WWII [[Army-Navy "E" Award|Army-Navy Production Award]] to Stanley Works, presentation program, January 20, 1943]]
In May of 2002, the company considered moving its corporate headquarters to Bermuda, but public and governmental outcry forced management to reconsider the move. By August of 2002, the company had decided to maintain its incorporation in the [[United States]].


In May 2002, the company considered moving its corporate headquarters to [[Bermuda]], but public and governmental outcry forced management to reconsider the move. By August 2002, the company had decided to maintain its incorporation in the United States.
John F. Lundgren was elected as Chairman & Chief Executive Officer in 2004, replacing [[John Trani]], a former protegé of [[Jack Welch]] at [[General Electric]].


John F. Lundgren was elected as chairman and chief executive officer in 2004, replacing John Trani, a former protégé of [[Jack Welch]] at [[General Electric]].
===Acquisitions===


The Hardware & Home Improvement Group, including the Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL, Pfister and EZSET brands, was acquired by [[Spectrum Brands]] Holdings, Inc. on December 17, 2012.<ref>[http://www.businesswire.com/news/home/20121217006206/en/Spectrum-Brands-Holdings-Completes-Acquisition-Stanley-Black], December 17, 2012, Businesswire</ref>
Stanley Works purchased the Chatsworth-based Monarch Mirror Door Co. Inc., a 1,000-employee manufacturer of sliding and folding mirror-doors in 1992, formerly owned by Oscar Kain, of Los Angeles (now deceased). Terms of the sale were not disclosed.


In July 2016, CEO John F. Lundgren stepped down, with President and COO [[James M. Loree]] taking over as CEO.<ref>{{Cite news|url=http://www.courant.com/business/hc-stanley-works-20160722-story.html|title=Stanley Black & Decker CEO To Retire|last=Singer|first=Stephen|work=courant.com|access-date=2018-06-22|language=en-US}}</ref>
In 1996 Stanley Works acquired Bostitch from [[Textron]]. In October 2002, Stanley Works acquired [[Best Access Systems]] of [[Indianapolis, Indiana]] for $310 million. The acquisition also prompted the creation of a new Access Controls Group for Stanley. Further additions to this new working group included [[Blick plc]] of [[Swindon, England]], a [[United Kingdom]] leading integrator of security solutions, communication, and time management solutions to the commercial and industrial sectors, selling direct to end users.
In January 2004, Stanley announced plans to acquire [[Frisco Bay Industries Ltd.]] for $45.3 million, a Canadian provider of security integration services. In December [[2004]], the acquisition of ISR Solutions, Inc., headquartered in [[Washington, DC]] was announced. ISR Solutions is an electronic security integrator providing the U.S. federal government and commercial customers with access security system services.


In July 2022, CEO [[James M. Loree]] stepped down, with President and CFO [[Donald Allan, Jr]] taking over as CEO.<ref>{{Cite news |last=Williams-Alvarez |first=Jennifer |date=2022-06-01 |title=Stanley Black & Decker Elevates Finance Head to Chief Executive |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/stanley-black-decker-elevates-finance-head-to-chief-executive-11654122454 |access-date=2022-10-04 |issn=0099-9660}}</ref>
January 2005, the acquisition of [[Security Group, Inc.]] was announced. [[Security Group]] was composed of two primary operating companies: [[Sargent & Greenleaf, Inc.]], a manufacturer of medium and high security locks and [[Safemasters]], a North American provider of physical security installation, maintenance and repair services, with an emphasis on mechanical locking systems. An additional acquisition of Precision Hardware was made in 2005.


=== Acquisitions ===
In 2006 Stanley furthered its corporate assets in the security market by acquiring [[HSM Electronic Protection Systems]] after it had been spun off from [[Honeywell]] in compliance with pre-emptive SEC antitrust rulings. In the meantime, the Company was able to strike facilities security contracts as the primary contractor to secure 3 [[NASA]] spaceflight centers. <ref>The Stanley Works, Annual Report, 2006</ref>
* '''1937:''' Stanley Works entered the United Kingdom market with the acquisition of J.A. Chapman of [[Sheffield]], England.<ref name="Stanley Works Time Line, Resource Directory">{{cite web | date= n.d. | url = http://www.infomat.net/infomat/rd741/rd1/database/stanley_works/ |title = Stanley |publisher = infomat.net |archive-url=https://web.archive.org/web/20110728083717/http://www.infomat.net/infomat/rd741/rd1/database/stanley_works/ |archive-date= July 28, 2011 | access-date= August 18, 2012}}</ref>
* '''1946:''' Stanley Works acquired [[North Brothers Manufacturing Company]] in [[Philadelphia|Philadelphia, Pennsylvania]].<ref name="wkFineTools">{{cite web |first= Wiktor |last= Kuc |url= http://www.wkfinetools.com/hus-bortools/northbros/history/northBros-history.asp |title=North Bros. Manufacturing Company - Historical Overview |website= wkFineTools.com |access-date=August 18, 2013 |url-status= dead |archive-url= https://web.archive.org/web/20130824114018/http://www.wkfinetools.com/hus-bortools/northbros/history/northBros-history.asp |archive-date=August 24, 2013 |df=mdy-all }}</ref>
* '''1963:''' Stanley started operations in [[Australia]] as Stanley-Titan when it bought a 50% share of Titan, a subsidiary of [[BHP]].<ref>{{cite web|title=Stanley Australia Tools|url=http://www.htpaa.org.au/stanley-oz.php |website= htpaa.org.au |publisher= Hand Tool Preservation Association of Australia |access-date= February 15, 2015}}</ref>
* '''1966:''' Stanley Works acquired Vidmar Cabinets in [[Allentown, Pennsylvania]].<ref>{{cite web| url= http://www.stanleyvidmar.com/about |title=About Stanley Vidmar |publisher=Stanley Vidmar |access-date=October 18, 2016}}</ref>
* '''1970:''' Stanley-Titan acquired Turner Tools, based in [[Melbourne]], Australia.<ref>{{cite web|title=Turner Tools| website= htpaa.org.au |url= http://www.htpaa.org.au/turner.php| publisher= Hand Tool Preservation Association of Australia|access-date= February 14, 2015}}</ref>
* '''1980:''' Stanley Works acquired [[Mac Tools]].<ref name="Stanley Works Time Line, Resource Directory"/><ref name="Stanley brand">{{cite web |url =http://www.stanleyblackanddecker.com/products-services/overview |title = Overview Stanley Black & Decker| access-date= May 15, 2015}}</ref>
* '''1984:''' Stanley Works purchased [[Proto (tools)|Proto]] from [[Ingersoll Rand]] and it becomes Stanley Proto.<ref name="Proto Tools 100th Anniversary Timeline">{{cite web |url = http://www.stanleyproto.com/xhtml/interactive_100anniversary/index.html |title = Proto Tools 100th Anniversary Timeline | publisher = Stanley Proto | access-date= August 21, 2008 }}</ref>
* '''1986:''' Stanley Works acquired [[Bostitch]] from [[Textron]].<ref name="Stanley Bostitch History">{{cite web |url = http://bostitch.co.uk/about-us/our-history/ |title = Stanley Bostitch – Our History | publisher = Stanley Bostitch | access-date= August 21, 2008}}</ref>
* '''1990:''' Stanley Works acquired Goldblatt<ref name="Stanley Works Time Line, Resource Directory"/><ref name="Stanley brand"/> and ZAG Industries.<ref name="Stanley brand"/>
* '''1990:''' Acquired [[Sidchrome]] Tool Co., headquartered in Melbourne, Australia. Closed plant in 1996 and started to move all tool manufacturing to [[Taiwan]], sourcing various items from Proto in the USA (marked as Proto on items) due to supply of left-over Australian-made tools being sold out until all manufacturing was fully established in Taiwan.
* '''1992:''' Stanley Works purchased the [[Chatsworth, California]]-based Monarch Mirror Door Co. Inc., an American manufacturer of sliding and folding mirror-doors.
* '''2000:''' Stanley Works acquired [https://web.archive.org/web/20160818002110/https://www.stanleysecurity.co.uk/about-us/blick-history Blick] of [[Swindon]], England,<ref name="Stanley Works Time Line, Resource Directory"/><ref name="Stanley brand"/> a [[UK]] integrator of security solutions{{buzzword inline|date=June 2019}}, communication, and time-management solutions{{buzzword inline|date=June 2019}}, and CST Berger.<ref name="Stanley Works Time Line, Resource Directory"/><ref name="Stanley brand"/>
* '''2002:''' In October, Stanley Works acquired [[Best Lock Corporation|Best Access Systems]] of [[Indianapolis]], [[Indiana]], for $310 million. The acquisition also prompted the creation of a new Access Controls Group for Stanley. Further additions to this new working group included Blick.
*'''2004:''' In January, Stanley announced plans to acquire Frisco Bay Industries Ltd., a Canadian provider of security integration services, for $45.3 million. In December, the acquisition of ISR Solutions, Inc., headquartered in [[Washington, D.C.]], was announced. ISR Solutions provides the U.S. federal government and commercial customers with access security system services.
* '''2005:''' In January, the acquisition of Security Group was announced. Security Group was composed of two primary operating companies: Sargent & Greenleaf, a manufacturer of locks; and Safemasters, a North American provider of security installation, maintenance and repair services. An additional acquisition of Precision Hardware was made in 2005.
* '''2006:''' Stanley furthered its corporate assets in the security market by acquiring HSM Electronic Protection Systems after it had been spun off from [[Honeywell]] in compliance with pre-emptive [[Securities and Exchange Commission]] antitrust rulings. In the meantime, the company obtained security contracts as the primary contractor to secure three [[NASA]] spaceflight centers.<ref>The Stanley Works, Annual Report, 2006.</ref> Stanley Works also acquired Facom.<ref name="Stanley Works Time Line, Resource Directory"/><ref name="Stanley brand"/>
* '''2007:''' Late in the year, Stanley acquired OSI Security of [[Chula Vista]], California, a provider of battery-operated wireless lock technology and supplies to government, education, and healthcare industries.
* '''2008:''' Stanley acquired Beach Toolbox Industries, headquartered in Smith Falls, Ontario, Canada, then closed the plant.
* '''2008:''' In June, Stanley announced the acquisition of Sonitrol, which provides security systems that use audio listening devices as the primary means of intrusion detection. Stanley also acquired Xmark Corporation, which provides radio frequency identification (RFID) solutions in healthcare environments. As of 2008, many of the Stanley Security Services divisions were being integrated under the HSM brand.
* '''2009:''' On November 2, Stanley announced a merger with [[Black & Decker]] and [[DeWalt]] tools.<ref>{{cite news| last= Langlois | first= Shawn | date= November 2, 2009 | url= http://www.marketwatch.com/story/stanley-works-buys-black-decker-2009-11-02 | title= Stanley Works Buying Black & Decker in $4.5 Billion Deal| work= [[MarketWatch]]}}</ref> The merger was completed on March 12, 2010.<ref>Sentementes, Gus G. (March 12, 2010). [http://www.baltimoresun.com/business/bal-black-decker-stanley-0312,0,5896139.story?track=rss "Black & Decker, Stanley Works Shareholders Approve Deal{{spaced ndash}} New Firm, To Be Called Stanley Black & Decker, Will Begin Operations on Monday]. ''[[The Baltimore Sun]]''. Retrieved August 18, 2012.</ref>
* '''2010:''' In July, the company announced the acquisition of CRC-Evans Pipeline International.<ref>[http://www.crc-evans.com/corp-news.php#article7 Corp News] {{Webarchive|url=https://web.archive.org/web/20120115073025/http://www.crc-evans.com/corp-news.php#article7 |date=2012-01-15 }}. [[CRC-Evans]].</ref> [[CRC-Evans]] provides total project support for pipeline construction contractors with automatic welding and other pipeline construction specific equipment and personnel.
* '''2011:''' On September 9, the acquisition of [[Niscayah]] was complete.
* '''2012:''' On January 1, the acquisition of Lista North America from [[LISTA]], headquartered in Holliston, Massachusetts, was completed.<ref>{{cite press release|url=http://www.listaintl.com/resource-center/news-and-events/press-release/lista-announces-merger-stanley-black-and-decker |title=Lista Announces Merger with Stanley Black and Decker |publisher=Lista |access-date=October 18, 2016}}</ref>
* '''2012:''' On June 1, the acquisition of Powers Fasteners, headquartered in Brewster, New York, was completed.<ref>[http://www.industrialsupplymagazine.com/pages/News-060112-Stanley-buys-Powers-Fasteners.php Stanley/Black & Decker Buys Powers Fasteners],</ref>
* '''2012:''' On June 5, the acquisition of AeroScout, headquartered in [[Redwood City]], California, was completed.<ref>{{cite news| url= http://www.globes.co.il/serveen/globes/docview.asp?did=1000755062&fid=1725 | title= Stanley Black & Decker buys AeroScout| first= Shmulik | last= Shelach| date= June 6, 2012 |work=Globes.co.il | publisher= }}</ref>
* '''2016:''' Stanley Black & Decker announced in October that it acquired the Irwin, Lenox, and Hilmor tool brands for $1.95 billion from [[Newell Brands]].<ref>{{cite web |url= https://www.bloomberg.com/news/articles/2017-01-05/stanley-to-buy-craftsman-brand-from-sears-for-about-900-million |title=Sears to Sell Craftsman, Shut 150 Stores as Lampert Raises Cash |last=Coleman-Lochner |first=Lauren |date=January 5, 2017 |website=Bloomberg |publisher=Bloomberg L.P. |access-date=January 9, 2017 |quote=Stanley agreed to buy Newell Brands Inc.’s tools business for $1.95 billion, adding lines such as Irwin and Lenox to its lineup.}}</ref>
* '''2017:''' On January 5, news reports indicated that it would acquire the [[Craftsman (tools)|Craftsman]] brand from KCD, LLC (a [[Sears Holdings]] subsidiary).<ref>{{Cite news |url= https://www.usatoday.com/story/money/2017/01/05/sears-kmart-stanley-black-decker-craftsman/96191312/|title=Sears closing 150 stores, selling Craftsman in attempt to survive|work=USA Today |access-date=2018-09-05|language=en}}</ref> Subsequent reports by [[Bloomberg L.P.|Bloomberg]] indicated that the company would pay $525 million initially, an additional $250 million after three years, as well as annual payments on new Craftsman sales for 15 years.<ref>{{cite news |url= https://www.bloomberg.com/news/articles/2017-01-05/stanley-to-buy-craftsman-brand-from-sears-for-about-900-million |title=Sears to Sell Craftsman, Shut 150 Stores as Lampert Raises Cash |last=Coleman-Lochner |first=Lauren |date=January 5, 2017 |website= Bloomberg.com |publisher=Bloomberg L.P. |access-date= January 9, 2017 |quote=The Craftsman deal comes about three months after Stanley agreed to buy Newell Brands Inc.’s tools business for $1.95 billion, adding lines such as Irwin and Lenox to its lineup.}}</ref>
* '''2018:''' On September 12, Stanley Black & Decker announced that it had entered into a definitive agreement to acquire a 20 percent stake in [[MTD Products|MTD Products Inc]], a privately held global manufacturer of outdoor power equipment, for $234 million in cash. Under the terms of the agreement, Stanley Black & Decker has the option to acquire the remaining 80 percent of MTD beginning on July 1, 2021.<ref>{{cite press release |url= https://www.prnewswire.com/news-releases/stanley-black--decker-to-acquire-20-percent-stake-in-mtd-products-for-234-million-300710830.html |title= Stanley Black & Decker to Acquire 20 Percent Stake in MTD Products for $234 Million }}</ref>
*'''2018:''' On August 7, Stanley Black & Decker announced it entered into a definitive agreement to acquire International Equipment Solutions Attachments Group (IES Attachments) for $690 million in cash.<ref>{{Cite press release |title=Stanley Black & Decker to Acquire IES Attachments Business for $690 Million & Completes $300 Million Share Repurchase |publisher= Stanley Black & Decker, Inc.| url= https://ir.stanleyblackanddecker.com/news-releases/news-release-details/stanley-black-decker-acquire-ies-attachments-business-690/|access-date=2020-12-30|website=ir.stanleyblackanddecker.com|language=en}}</ref>
* '''2020:''' In Q1 2020, Stanley Black & Decker agreed to acquire Consolidated Aerospace Manufacturing, LLC (CAM) for up to $1.5 billion. CAM provides a fastener and component platform which would help the company to grow in aerospace and defense.<ref>{{cite press release |url= https://ir.stanleyblackanddecker.com/news-releases/news-release-details/stanley-black-decker-reports-full-year-and-4q-2019-results| title= Stanley Black & Decker Reports Full Year and 4Q 2019 Results| website= stanleyblackanddecker.com| date= | accessdate= }}</ref>
* '''2021:''' On August 17, 2021, Stanley Black & Decker announced that it has agreed to acquire the remaining 80% ownership stake in [[MTD Products|MTD Holdings Inc.]]
*'''2021:''' On September 13, 2021, Stanley Black & Decker announced that it would be acquiring Excel Industries; who designs and manufactures commercial and residential turf-care equipment under the Hustler Turf Equipment and BigDog Mower Co. brands. The sale was completed November 12 of the same year.<ref>{{Cite web|last=Vasile|first=Zachary|date=September 13, 2021|title=Stanley Black & Decker to acquire Excel Industries for $375M|url=https://www.hartfordbusiness.com/article/stanley-black-decker-to-acquire-excel-industries-for-375m|website=Hartford Business}}</ref>
*'''2021:''' On December 8, 2021, [[Securitas AB]] announced that it had entered into an agreement to purchase Stanley Black & Decker's electronic security business unit for $3.2 billion <ref>{{cite news |url=https://www.reuters.com/markets/deals/securitas-buy-stanley-black-deckers-electronic-security-business-2021-12-08/ |title=Securitas to buy Stanley Black & Decker's electronic security business|newspaper=Reuters |date=8 December 2021 }}</ref>
*'''2022:''' In Q3 2022, Stanley Black & Decker announced layoffs of over 1,000 corporate employees as part of cost-saving measures in response to plummeting stock price <ref>{{Cite news |last=Williams-Alvarez |first=Jennifer |date=2022-09-30 |title=WSJ News Exclusive {{!}} Stanley Black & Decker Cuts About 1,000 Finance Jobs As Part of Cost-Savings Drive |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/stanley-black-decker-cuts-about-1-000-finance-jobs-as-part-of-cost-savings-drive-11664568393 |access-date=2022-10-04 |issn=0099-9660}}</ref>


== Business segments and brands ==
In late 2007, Stanley acquired [[OSI Security of Chula Vista, CA]]. [[OSI Security]] is a provider of battery operated wireless lock technology and supplies to government, education, and healthcare industries.
[[File:Stanley_Plane_92_(3).jpg|thumb|right|A [[hand plane]] made by [[Stanley Hand Tools]].]]
Sources:<ref>{{cite web | url=http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjI0MTYzfENoaWxkSUQ9LTF8VHlwZT0z&t=1|title= Stanley Black & Decker Annual Report |year = 2013|access-date = May 1, 2014}}</ref><ref>{{cite web|url=http://www.stanleyblackanddecker.com/products-services|title=Stanley Black & Decker Products & Services|access-date=May 1, 2014|archive-url=https://web.archive.org/web/20140326140600/http://www.stanleyblackanddecker.com/products-services|archive-date=March 26, 2014|url-status=dead}}</ref><ref>{{cite web|url=http://www.stanleyblackanddecker.com/products-services/our-brands|title=Stanley Black & Decker: Our Brands|access-date=May 1, 2014|archive-url=https://web.archive.org/web/20140531012600/http://www.stanleyblackanddecker.com/products-services/our-brands|archive-date=May 31, 2014|url-status=dead}}</ref>


=== Tools ===


==== Power tools ====
In June, 2008, Stanley announced the acquisition of Sonitrol. Sonitrol provides high end security systems that use audio listening devices as the primary means of intrusion detection. Since the 1960's, they have accumulated over 100,000 commercial accounts in over 150 cities, and have an impressive record of helping police departments apprehend criminals. There is a combination of corporate owned locations and franchise locations.
* [[DeWalt]] &ndash; power tools; B & D acquired in 1960
* Guoqiang (GQ) Tools (China) &ndash; power tools
As of 2008, many of the Stanley Security Services divisions are being integrated under the unified HSM brand.
* [[Porter-Cable]] &ndash; power tools; B & D acquired in 2004<ref name="baltimore.bizjournals.com"/>/2005<ref>{{cite web|title=Delta/Porter Cable website. ->About Us/History -> Section Titled: "A New Era"|url=http://www.deltaportercable.com/aboutus/pc_history.aspx|access-date=December 31, 2010}}</ref>
* Oldham Saw Company &ndash; circular saw blade and wood [[router bit]] products; B & D acquired in 2004<ref name="baltimore.bizjournals.com"/>
* [[Black+Decker]] &ndash; acquired (via merger) in 2010
* [[Craftsman (tools)|Craftsman]] &ndash; acquired from [[Sears]] [[KDCP]] in 2016


==== Hand tools and storage ====
==Products==
Stanley is a well-known brand of tools and has produced millions of [[plane (tool)|hand planes]], [[saw]]s, [[ruler]]s, [[try square]]s, [[chisel]]s, [[screwdriver]]s, and many other types of tools for consumer and for industrial use. Their innovations include the [[Bailey (tool)|Bailey]] plane, the [[Surform]] [[shaper]], the [[PowerLock (tool)|PowerLock]] [[tape measure]], and the [[utility knife]] or in [[British English]], the '''Stanley knife'''. Stanley is also a supplier of [[PoziDriv]] (improved [[Henry F. Phillips|Phillips]] lookalike) screwdrivers. Stanley sells industrial and commercial fasteners, air tools, and air compressors under the Bostitch brand.


* Pastorino &ndash; carpentry and construction hand tools<ref>{{cite web|url=http://pastorino-expert.it/chi_siamo/la_storia.htm|title=La storia - Pastorino Expert|website=pastorino-expert.it|access-date=October 6, 2016}}</ref>
The Stanley brand name has been widely-licensed to include shoes, clothing and Lawn & Garden Tractors.
* [[Stanley Hand Tools]] &ndash; carpentry and construction hand tools
Black and Decker: Home appliances, power tools, hardware, batteries, fastening systems,
* [[Craftsman (tools)|Craftsman]]
* [[Irwin Industrial Tools]] Irwin
* [[LENOX Tools]]
* Expert &ndash; industrial and automotive tools
* Facom (France) &ndash; professional tools; acquired in 2006 (includes Britool<ref>{{cite web|url=http://www.britool-expert.co.uk/about/ |title=About Us |publisher=Britool Expert |access-date=October 18, 2016}}</ref>) owned by Stanley Black and Decker
* Lista North America &ndash; industrial storage; acquired in 2012
* [[Mac Tools]] &ndash; professional tools; acquired in 1980
* [[Proto (tools)|Proto]] &ndash; industrial hand tools; acquired in 1984
* [[Blackhawk (tools)|Blackhawk]] &ndash; Mechanic's tools; acquired in 1986
* [[Sidchrome]] (Australia/New Zealand) &ndash; mechanics' tools; acquired in 1990
* USAG (Italy) &ndash; professional tools; acquired in 2010
* Vidmar &ndash; industrial storage; acquired in 1966
* Virax (France) &ndash; plumbing tools; acquired in 2006
* Waterloo Industries &ndash; Tool Storage Solutions, purchased in 2017. Brand was discontinued shortly thereafter.


==== Fastening and accessories ====
Stanley Works received the [[Golden Hammer|Golden Hammer Award]] for new product innovation in 2000, 2001 and 2002 .
* [[Bostitch]] &ndash; fastening tools; acquired in 1986
* Powers Fasteners &ndash; adhesive and mechanical anchors


==Divisions==
=== Outdoor ===
* [[Cub Cadet]]
*[[Best Lock Corporation|Best Access Systems]] (door hardware and locks)
* Hustler
*Bostitch
* Troy-bilt
*[[Craftsman (tools)|Craftsman Hand Tools]] (up to the mid 1980s)
* Rover
*CST/berger (surveying)
* MTD
*EVS (Canada)
*Facom
*Frisco Bay Industries Ltd. (Canada)
*Frisco-ATMS (Canada)
*HSM (security services)
*Integrator (security electronics)
*Intivid Solutions (video electronics)
*[[Mac Tools]]
*National (general hardware)
*Proto
*Safemasters (security products)
*Sargent & Greenleaf, Inc. (security products)
*Vidmar (Industrial storage)


==References==
=== Industrial ===
{{Reflist}}


==== Cribmaster ====
==Further reading==
* Cribmaster &ndash; tool inventory, storage, tracking and usage/vending management
* John Walter - ''Antique & Collectible Stanley Tools: Guide to Identity & Value'' (The Tool Merchant, Ohio, 1996) ISBN 1-878911-02-3
* Stanley Supply & Services &ndash; [[Maintenance, repair, and operations|MRO]] products and services; formerly Contact East and Jensen Tools; renamed in 2006


==== Engineered fastening ====
==External links==
* Emhart Teknologies &ndash; fastening and assembly; acquired in 2010; later renamed Stanley Engineered Fastening
*[http://www.stanleyworks.com/a_history.asp History of the Stanley Works]
* Dodge &ndash; metal-on-plastic threaded inserts
*[http://stanleytools.com/default.asp?TYPE=STATICLEFT&PAGE=history.htm&LEFT=left_history.htm Another history of the Stanley Works]
* Gripco &ndash; threaded fasteners
* HeliCoil &ndash; [[threaded insert]]s
* Infastech &ndash; acquired in 2013 by Stanley Engineered Fastening
** [[Avdel]] &ndash; blind fastening systems and related tools
** iForm &ndash; coated threaded fasteners
* MasterFix (Europe) &ndash; blind riveting
* Nelson &ndash; stud welding fasteners
* NPR/POP &ndash; riveting technology
* Spiralock &ndash; threaded fasteners and inserts; acquired in 2010 by Emhart
* Stanley Assembly Technologies &ndash; assembly line power tools
* Tucker &ndash; hole-less fastening
* Warren &ndash; custom fastening fabrication<ref>{{cite web | url=http://www.stanleyengineeredfastening.com/brands|title=Stanley Engineered Fastening|access-date=May 1, 2014}}</ref>


==== Infrastructure ====
[[Category:Manufacturing companies of the United States]]
* Hydraulic tools
** Dubuis &ndash; cutting, crimping, and grounding tools
** Horst Sprenger GmbH (Germany) &ndash; replacement consumables for scrap processing equipment
** LaBounty &ndash; non-impact hydraulic attachments
** Stanley Hydraulic Tools
* Stanley Oil & Gas ([[CRC-Evans]] International) &ndash; equipment used in the construction of pipelines for the oil and gas (O&G) industry
*Stanley &ndash; [[automatic door]]s for buildings
* Paladin Attachments &ndash; equipment used for excavation, farming, and various other infrastructure.

==== Aerospace Manufacturing ====
* CAM

=== Stanley Security Solutions (SSS) ===

As of July 22, 2022, Stanley Security Solutions was acquired by [[Securitas AB|Securitas Electronic Security]] and has been rebranded as Securitas Technology <ref>{{cite press release |date=July 22, 2022 |url=https://www.securitas.com/en/news/press-releases_list/securitas-completes-the-acquisition-of-stanley-security/ |title=Securitas accelerates its ambition to become an outstanding global security solutions partner |publisher=Securitas |access-date=December 24, 2022}}</ref>

The North American headquarters is located in [[Fishers, Indiana]]. This division of Stanley Black & Decker comprises the following primary business units:

*Convergent Security Solutions
*Stanley Access Technologies
*Stanley Healthcare Solutions

Likewise, Stanley Security Solutions has operations in the following global markets:
*[[Latin America]]
*[[Europe]]
*[[Asia]]
*[[Emerging Markets]]

Stanley Security Solutions is provider of locks, fire sensors, security cameras, and similar hardware. They also provide [[software]] to monitor this hardware. In addition they provide [[computer security]] software to protect [[computer hardware|hardware]], software, or [[Data (computing)|electronic data]]. A partial list of Stanley Security Solutions products:

*Aero Scout
*Sargent and Greenleaf
*[[Access Control Systems]]
*Video Surveillance Systems
*Intrusion Alarm Monitoring Systems
*Sonitrol
*Fire Alarm Monitoring Systems
*Video Alarm Verification
*[[Network Security]]
*[[Cyber Security]]
*Retail Analytics
*Integrated Security Solutions
*Enterprise Security Solutions

=== Divested businesses ===
'''Stanley Securities'''

In Q4 2021, Stanley Black's Commercial Electronic and Healthcare Security business lines- were sold to [[Securitas AB|Securitas]] for $3.2 billion in cash. In 2021, the businesses were predicted to generate revenues of about $1.7 billion.<ref>{{Cite web |title=Stanley Black (SWK) to Divest Security Business to Securitas |url=https://www.yahoo.com/lifestyle/stanley-black-swk-divest-security-150203588.html |access-date=2022-10-04 |website=www.yahoo.com |date=9 December 2021 |language=en-US}}</ref>

'''Stanley Access Technologies'''

In Q1 2022, [[Stanley Access Technologies]] were sold to [[Allegion]] for $900 million in cash.<ref>{{Cite press release |last=Decker |first=Stanley Black & |title=Stanley Black & Decker to Sell Access Technologies Business for $900 Million in Cash to Allegion |url=https://www.prnewswire.com/news-releases/stanley-black--decker-to-sell-access-technologies-business-for-900-million-in-cash-to-allegion-301530884.html |access-date=2022-10-04 |website=www.prnewswire.com |language=en}}</ref>

'''Stanley Oil & Gas'''

In Q2 2022, [[Stanley Oil & Gas]], comprising three business units, namely [[STANLEY Inspection]], [[Pipeline Induction Heat Ltd.]] and [[CRC-Evans Pipeline International]], were sold to [[Pipeline Technique Limited]].<ref>{{Cite press release |last=Decker |first=Stanley Black & |title=Stanley Black & Decker Reaches Agreement To Sell Its Oil & Gas Business |url=https://www.prnewswire.com/news-releases/stanley-black--decker-reaches-agreement-to-sell-its-oil--gas-business-301576265.html |access-date=2022-10-04 |website=www.prnewswire.com |language=en}}</ref>

==== Mechanical Access Solutions (MAS) ====
Formerly a business unit (BU) within Stanley Security Solutions, this comprised [[Best Access Systems]] and several product brands that were sold to [[Dormakaba]] in 2016Q4. MAS was dissolved however the brand Sergeant & Greenleaf was retained by Convergent Security Solutions.

==== Hardware and Home Improvement (HHI) ====
These were sold to [[Spectrum Brands]] in 2012.<ref>{{Cite news|url=https://www.wsj.com/articles/SB10000872396390444897304578046633492247520|title=Spectrum Brands Buys Hardware Business|last=Warner|first=Melodie|date=2012-10-09|work=Wall Street Journal|access-date=2018-06-01|language=en-US|issn=0099-9660|url-access=subscription }}</ref>

* Baldwin &ndash; acquired in 2010
* [[Kwikset]] &ndash; acquired in 1989 by Black & Decker
* National Hardware &ndash; general hardware; acquired in 2005
* [[Pfister (firm)|Price Pfister]] &ndash; plumbing fixtures; acquired in 1989 by Black & Decker
* Weiser Lock &ndash; keyless entry and door hardware

==== Air compressors and pressure washers ====
This was sold to MAT Holdings in 2011.<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=129699973 |archive-url=https://archive.today/20140518143520/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=129699973 |url-status=dead |archive-date=May 18, 2014 |title=Stanley Black & Decker, Inc., Jackson Assets: Private Company Information |work=Bloomberg BusinessWeek |date=March 31, 2011 |access-date=October 18, 2016}}</ref>
* [[DeVilbiss Air Power]] &ndash; pneumatic tools; B & D acquired in 2004;<ref name="baltimore.bizjournals.com">[http://baltimore.bizjournals.com/baltimore/stories/2005/04/11/daily19.html Black and Decker shuttering N.C. plant] April 13, 2005</ref> now known as MAT Industries, LLC

==== Tools ====
* [[Husky (tool brand)|Husky]] &ndash; private-label hand tools for [[The Home Depot]]; acquired in 1986, later transferred to The Home Depot.
* Vector Products &ndash; battery chargers, power inverters, and similar power products; acquired in 2007; sold to Baccus Global in 2010.

==Notes==
{{reflist|30em}}

== Further reading ==
* {{cite book|title=Antique & Collectible Stanley Tools: Guide to Identity & Value|last=Walter|first=John|year=1996|publisher=The Tool Merchant|location=Ohio|isbn=1-878911-02-3}}
*[https://listacabinets.com Lista]

== External links ==
{{Portal|Companies}}
* {{official website|https://www.stanleyblackanddecker.com/}}

{{Finance links
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| symbol = SWK
| sec_cik = SWK
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| google = SWK
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{{DEFAULTSORT:Stanley Black and Decker}}
[[Category:1843 establishments in Connecticut]]
[[Category:Companies based in Hartford County, Connecticut]]
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[[Category:Manufacturing companies established in 1843]]

[[Category:New Britain, Connecticut]]
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[[Category:Stanley Black & Decker brands| ]]
[[Category:Tool manufacturing companies of the United States]]
[[Category:American companies established in 1843]]

Revision as of 06:58, 7 May 2024

"Stanley Works" and "Facom" redirect here. For the factory started by British inventor William Stanley, see William Stanley (inventor). For the line of computers, see FACOM.
Not to be confused with Stanley Electric.
Stanley Black & Decker, Inc.
Company typePublic
IndustryManufacturing
Founded1843; 181 years ago (1843) as Stanley's Bolt Manufactory
FounderFrederick Trent Stanley
HeadquartersNew Britain, Connecticut, U.S.
Key people
ProductsTools, Outdoor equipment, Industrial solutions
BrandsSee list
RevenueDecrease US$15.78 billion (2023)
Decrease US$−376 million (2023)
Decrease US$−311 million (2023)
Total assetsDecrease US$23.66 billion (2023)
Total equityDecrease US$9.056 billion (2023)
Number of employees
c. 50,500 (2023)
Websitestanleyblackanddecker.com
Footnotes / references
[1][2]

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the greater Hartford city of New Britain, Connecticut,[3] Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.[4]

History

The Stanley Works came to existence as a direct result of the 1920 merger of Stanley's Bolt Manufactory, founded by Frederick Trent Stanley in 1843, and the Stanley Rule and Level Company,[5] founded by Frederick's cousin, Henry Stanley, in 1857. DeWalt was acquired in 1960, and sold to Black & Decker. In March 12, 2010 Black & Decker merged with Stanley Works to become Stanley Black & Decker. It’s a wholly owned subsidiary of that company.

During World War II, Stanley Works received the Army-Navy "E" Award for excellence in war production.[6]

WWII Army-Navy Production Award to Stanley Works, presentation program, January 20, 1943

In May 2002, the company considered moving its corporate headquarters to Bermuda, but public and governmental outcry forced management to reconsider the move. By August 2002, the company had decided to maintain its incorporation in the United States.

John F. Lundgren was elected as chairman and chief executive officer in 2004, replacing John Trani, a former protégé of Jack Welch at General Electric.

The Hardware & Home Improvement Group, including the Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL, Pfister and EZSET brands, was acquired by Spectrum Brands Holdings, Inc. on December 17, 2012.[7]

In July 2016, CEO John F. Lundgren stepped down, with President and COO James M. Loree taking over as CEO.[8]

In July 2022, CEO James M. Loree stepped down, with President and CFO Donald Allan, Jr taking over as CEO.[9]

Acquisitions

  • 1937: Stanley Works entered the United Kingdom market with the acquisition of J.A. Chapman of Sheffield, England.[10]
  • 1946: Stanley Works acquired North Brothers Manufacturing Company in Philadelphia, Pennsylvania.[11]
  • 1963: Stanley started operations in Australia as Stanley-Titan when it bought a 50% share of Titan, a subsidiary of BHP.[12]
  • 1966: Stanley Works acquired Vidmar Cabinets in Allentown, Pennsylvania.[13]
  • 1970: Stanley-Titan acquired Turner Tools, based in Melbourne, Australia.[14]
  • 1980: Stanley Works acquired Mac Tools.[10][15]
  • 1984: Stanley Works purchased Proto from Ingersoll Rand and it becomes Stanley Proto.[16]
  • 1986: Stanley Works acquired Bostitch from Textron.[17]
  • 1990: Stanley Works acquired Goldblatt[10][15] and ZAG Industries.[15]
  • 1990: Acquired Sidchrome Tool Co., headquartered in Melbourne, Australia. Closed plant in 1996 and started to move all tool manufacturing to Taiwan, sourcing various items from Proto in the USA (marked as Proto on items) due to supply of left-over Australian-made tools being sold out until all manufacturing was fully established in Taiwan.
  • 1992: Stanley Works purchased the Chatsworth, California-based Monarch Mirror Door Co. Inc., an American manufacturer of sliding and folding mirror-doors.
  • 2000: Stanley Works acquired Blick of Swindon, England,[10][15] a UK integrator of security solutions[buzzword], communication, and time-management solutions[buzzword], and CST Berger.[10][15]
  • 2002: In October, Stanley Works acquired Best Access Systems of Indianapolis, Indiana, for $310 million. The acquisition also prompted the creation of a new Access Controls Group for Stanley. Further additions to this new working group included Blick.
  • 2004: In January, Stanley announced plans to acquire Frisco Bay Industries Ltd., a Canadian provider of security integration services, for $45.3 million. In December, the acquisition of ISR Solutions, Inc., headquartered in Washington, D.C., was announced. ISR Solutions provides the U.S. federal government and commercial customers with access security system services.
  • 2005: In January, the acquisition of Security Group was announced. Security Group was composed of two primary operating companies: Sargent & Greenleaf, a manufacturer of locks; and Safemasters, a North American provider of security installation, maintenance and repair services. An additional acquisition of Precision Hardware was made in 2005.
  • 2006: Stanley furthered its corporate assets in the security market by acquiring HSM Electronic Protection Systems after it had been spun off from Honeywell in compliance with pre-emptive Securities and Exchange Commission antitrust rulings. In the meantime, the company obtained security contracts as the primary contractor to secure three NASA spaceflight centers.[18] Stanley Works also acquired Facom.[10][15]
  • 2007: Late in the year, Stanley acquired OSI Security of Chula Vista, California, a provider of battery-operated wireless lock technology and supplies to government, education, and healthcare industries.
  • 2008: Stanley acquired Beach Toolbox Industries, headquartered in Smith Falls, Ontario, Canada, then closed the plant.
  • 2008: In June, Stanley announced the acquisition of Sonitrol, which provides security systems that use audio listening devices as the primary means of intrusion detection. Stanley also acquired Xmark Corporation, which provides radio frequency identification (RFID) solutions in healthcare environments. As of 2008, many of the Stanley Security Services divisions were being integrated under the HSM brand.
  • 2009: On November 2, Stanley announced a merger with Black & Decker and DeWalt tools.[19] The merger was completed on March 12, 2010.[20]
  • 2010: In July, the company announced the acquisition of CRC-Evans Pipeline International.[21] CRC-Evans provides total project support for pipeline construction contractors with automatic welding and other pipeline construction specific equipment and personnel.
  • 2011: On September 9, the acquisition of Niscayah was complete.
  • 2012: On January 1, the acquisition of Lista North America from LISTA, headquartered in Holliston, Massachusetts, was completed.[22]
  • 2012: On June 1, the acquisition of Powers Fasteners, headquartered in Brewster, New York, was completed.[23]
  • 2012: On June 5, the acquisition of AeroScout, headquartered in Redwood City, California, was completed.[24]
  • 2016: Stanley Black & Decker announced in October that it acquired the Irwin, Lenox, and Hilmor tool brands for $1.95 billion from Newell Brands.[25]
  • 2017: On January 5, news reports indicated that it would acquire the Craftsman brand from KCD, LLC (a Sears Holdings subsidiary).[26] Subsequent reports by Bloomberg indicated that the company would pay $525 million initially, an additional $250 million after three years, as well as annual payments on new Craftsman sales for 15 years.[27]
  • 2018: On September 12, Stanley Black & Decker announced that it had entered into a definitive agreement to acquire a 20 percent stake in MTD Products Inc, a privately held global manufacturer of outdoor power equipment, for $234 million in cash. Under the terms of the agreement, Stanley Black & Decker has the option to acquire the remaining 80 percent of MTD beginning on July 1, 2021.[28]
  • 2018: On August 7, Stanley Black & Decker announced it entered into a definitive agreement to acquire International Equipment Solutions Attachments Group (IES Attachments) for $690 million in cash.[29]
  • 2020: In Q1 2020, Stanley Black & Decker agreed to acquire Consolidated Aerospace Manufacturing, LLC (CAM) for up to $1.5 billion. CAM provides a fastener and component platform which would help the company to grow in aerospace and defense.[30]
  • 2021: On August 17, 2021, Stanley Black & Decker announced that it has agreed to acquire the remaining 80% ownership stake in MTD Holdings Inc.
  • 2021: On September 13, 2021, Stanley Black & Decker announced that it would be acquiring Excel Industries; who designs and manufactures commercial and residential turf-care equipment under the Hustler Turf Equipment and BigDog Mower Co. brands. The sale was completed November 12 of the same year.[31]
  • 2021: On December 8, 2021, Securitas AB announced that it had entered into an agreement to purchase Stanley Black & Decker's electronic security business unit for $3.2 billion [32]
  • 2022: In Q3 2022, Stanley Black & Decker announced layoffs of over 1,000 corporate employees as part of cost-saving measures in response to plummeting stock price [33]

Business segments and brands

A hand plane made by Stanley Hand Tools.

Sources:[34][35][36]

Tools

Power tools

Hand tools and storage

  • Pastorino – carpentry and construction hand tools[39]
  • Stanley Hand Tools – carpentry and construction hand tools

Black and Decker: Home appliances, power tools, hardware, batteries, fastening systems,

  • Craftsman
  • Irwin Industrial Tools Irwin
  • LENOX Tools
  • Expert – industrial and automotive tools
  • Facom (France) – professional tools; acquired in 2006 (includes Britool[40]) owned by Stanley Black and Decker
  • Lista North America – industrial storage; acquired in 2012
  • Mac Tools – professional tools; acquired in 1980
  • Proto – industrial hand tools; acquired in 1984
  • Blackhawk – Mechanic's tools; acquired in 1986
  • Sidchrome (Australia/New Zealand) – mechanics' tools; acquired in 1990
  • USAG (Italy) – professional tools; acquired in 2010
  • Vidmar – industrial storage; acquired in 1966
  • Virax (France) – plumbing tools; acquired in 2006
  • Waterloo Industries – Tool Storage Solutions, purchased in 2017. Brand was discontinued shortly thereafter.

Fastening and accessories

  • Bostitch – fastening tools; acquired in 1986
  • Powers Fasteners – adhesive and mechanical anchors

Outdoor

Industrial

Cribmaster

  • Cribmaster – tool inventory, storage, tracking and usage/vending management
  • Stanley Supply & Services – MRO products and services; formerly Contact East and Jensen Tools; renamed in 2006

Engineered fastening

  • Emhart Teknologies – fastening and assembly; acquired in 2010; later renamed Stanley Engineered Fastening
  • Dodge – metal-on-plastic threaded inserts
  • Gripco – threaded fasteners
  • HeliCoil – threaded inserts
  • Infastech – acquired in 2013 by Stanley Engineered Fastening
    • Avdel – blind fastening systems and related tools
    • iForm – coated threaded fasteners
  • MasterFix (Europe) – blind riveting
  • Nelson – stud welding fasteners
  • NPR/POP – riveting technology
  • Spiralock – threaded fasteners and inserts; acquired in 2010 by Emhart
  • Stanley Assembly Technologies – assembly line power tools
  • Tucker – hole-less fastening
  • Warren – custom fastening fabrication[41]

Infrastructure

  • Hydraulic tools
    • Dubuis – cutting, crimping, and grounding tools
    • Horst Sprenger GmbH (Germany) – replacement consumables for scrap processing equipment
    • LaBounty – non-impact hydraulic attachments
    • Stanley Hydraulic Tools
  • Stanley Oil & Gas (CRC-Evans International) – equipment used in the construction of pipelines for the oil and gas (O&G) industry
  • Stanley – automatic doors for buildings
  • Paladin Attachments – equipment used for excavation, farming, and various other infrastructure.

Aerospace Manufacturing

  • CAM

Stanley Security Solutions (SSS)

As of July 22, 2022, Stanley Security Solutions was acquired by Securitas Electronic Security and has been rebranded as Securitas Technology [42]

The North American headquarters is located in Fishers, Indiana. This division of Stanley Black & Decker comprises the following primary business units:

  • Convergent Security Solutions
  • Stanley Access Technologies
  • Stanley Healthcare Solutions

Likewise, Stanley Security Solutions has operations in the following global markets:

Stanley Security Solutions is provider of locks, fire sensors, security cameras, and similar hardware. They also provide software to monitor this hardware. In addition they provide computer security software to protect hardware, software, or electronic data. A partial list of Stanley Security Solutions products:

  • Aero Scout
  • Sargent and Greenleaf
  • Access Control Systems
  • Video Surveillance Systems
  • Intrusion Alarm Monitoring Systems
  • Sonitrol
  • Fire Alarm Monitoring Systems
  • Video Alarm Verification
  • Network Security
  • Cyber Security
  • Retail Analytics
  • Integrated Security Solutions
  • Enterprise Security Solutions

Divested businesses

Stanley Securities

In Q4 2021, Stanley Black's Commercial Electronic and Healthcare Security business lines- were sold to Securitas for $3.2 billion in cash. In 2021, the businesses were predicted to generate revenues of about $1.7 billion.[43]

Stanley Access Technologies

In Q1 2022, Stanley Access Technologies were sold to Allegion for $900 million in cash.[44]

Stanley Oil & Gas

In Q2 2022, Stanley Oil & Gas, comprising three business units, namely STANLEY Inspection, Pipeline Induction Heat Ltd. and CRC-Evans Pipeline International, were sold to Pipeline Technique Limited.[45]

Mechanical Access Solutions (MAS)

Formerly a business unit (BU) within Stanley Security Solutions, this comprised Best Access Systems and several product brands that were sold to Dormakaba in 2016Q4. MAS was dissolved however the brand Sergeant & Greenleaf was retained by Convergent Security Solutions.

Hardware and Home Improvement (HHI)

These were sold to Spectrum Brands in 2012.[46]

  • Baldwin – acquired in 2010
  • Kwikset – acquired in 1989 by Black & Decker
  • National Hardware – general hardware; acquired in 2005
  • Price Pfister – plumbing fixtures; acquired in 1989 by Black & Decker
  • Weiser Lock – keyless entry and door hardware

Air compressors and pressure washers

This was sold to MAT Holdings in 2011.[47]

Tools

  • Husky – private-label hand tools for The Home Depot; acquired in 1986, later transferred to The Home Depot.
  • Vector Products – battery chargers, power inverters, and similar power products; acquired in 2007; sold to Baccus Global in 2010.

Notes

  1. ^ "Company History". Stanley Works. Archived from the original on February 5, 2005. Retrieved January 9, 2008.
  2. ^ "Stanley Black & Decker, Inc. 2023 Annual Report (Form 10-K)". February 27, 2024. Retrieved February 27, 2024.
  3. ^ "Stanley Black & Decker". Fortune. Retrieved 2018-11-25.
  4. ^ "Stanley and Black & Decker Complete Merger" (Press release). Stanley Black & Decker. March 12, 2010. Archived from the original on April 15, 2010. Retrieved March 19, 2010.
  5. ^ "Patrick's Blood and Gore". Leach, Leach. Enormously detailed model history of planes manufactured by Stanley.
  6. ^ "File:Army-Navy Production Award to Stanley Works, presentation program, January 20, 1943 - New Britain Industrial Museum - DSC09905.JPG". Wikimedia Commons. 27 June 2013. Retrieved January 21, 2014.
  7. ^ [1], December 17, 2012, Businesswire
  8. ^ Singer, Stephen. "Stanley Black & Decker CEO To Retire". courant.com. Retrieved 2018-06-22.
  9. ^ Williams-Alvarez, Jennifer (2022-06-01). "Stanley Black & Decker Elevates Finance Head to Chief Executive". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-10-04.
  10. ^ a b c d e f "Stanley". infomat.net. n.d. Archived from the original on July 28, 2011. Retrieved August 18, 2012.
  11. ^ Kuc, Wiktor. "North Bros. Manufacturing Company - Historical Overview". wkFineTools.com. Archived from the original on August 24, 2013. Retrieved August 18, 2013.
  12. ^ "Stanley Australia Tools". htpaa.org.au. Hand Tool Preservation Association of Australia. Retrieved February 15, 2015.
  13. ^ "About Stanley Vidmar". Stanley Vidmar. Retrieved October 18, 2016.
  14. ^ "Turner Tools". htpaa.org.au. Hand Tool Preservation Association of Australia. Retrieved February 14, 2015.
  15. ^ a b c d e f "Overview Stanley Black & Decker". Retrieved May 15, 2015.
  16. ^ "Proto Tools 100th Anniversary Timeline". Stanley Proto. Retrieved August 21, 2008.
  17. ^ "Stanley Bostitch – Our History". Stanley Bostitch. Retrieved August 21, 2008.
  18. ^ The Stanley Works, Annual Report, 2006.
  19. ^ Langlois, Shawn (November 2, 2009). "Stanley Works Buying Black & Decker in $4.5 Billion Deal". MarketWatch.
  20. ^ Sentementes, Gus G. (March 12, 2010). "Black & Decker, Stanley Works Shareholders Approve Deal – New Firm, To Be Called Stanley Black & Decker, Will Begin Operations on Monday. The Baltimore Sun. Retrieved August 18, 2012.
  21. ^ Corp News Archived 2012-01-15 at the Wayback Machine. CRC-Evans.
  22. ^ "Lista Announces Merger with Stanley Black and Decker" (Press release). Lista. Retrieved October 18, 2016.
  23. ^ Stanley/Black & Decker Buys Powers Fasteners,
  24. ^ Shelach, Shmulik (June 6, 2012). "Stanley Black & Decker buys AeroScout". Globes.co.il.
  25. ^ Coleman-Lochner, Lauren (January 5, 2017). "Sears to Sell Craftsman, Shut 150 Stores as Lampert Raises Cash". Bloomberg. Bloomberg L.P. Retrieved January 9, 2017. Stanley agreed to buy Newell Brands Inc.'s tools business for $1.95 billion, adding lines such as Irwin and Lenox to its lineup.
  26. ^ "Sears closing 150 stores, selling Craftsman in attempt to survive". USA Today. Retrieved 2018-09-05.
  27. ^ Coleman-Lochner, Lauren (January 5, 2017). "Sears to Sell Craftsman, Shut 150 Stores as Lampert Raises Cash". Bloomberg.com. Bloomberg L.P. Retrieved January 9, 2017. The Craftsman deal comes about three months after Stanley agreed to buy Newell Brands Inc.'s tools business for $1.95 billion, adding lines such as Irwin and Lenox to its lineup.
  28. ^ "Stanley Black & Decker to Acquire 20 Percent Stake in MTD Products for $234 Million" (Press release).
  29. ^ "Stanley Black & Decker to Acquire IES Attachments Business for $690 Million & Completes $300 Million Share Repurchase". ir.stanleyblackanddecker.com (Press release). Stanley Black & Decker, Inc. Retrieved 2020-12-30.
  30. ^ "Stanley Black & Decker Reports Full Year and 4Q 2019 Results". stanleyblackanddecker.com (Press release).
  31. ^ Vasile, Zachary (September 13, 2021). "Stanley Black & Decker to acquire Excel Industries for $375M". Hartford Business.
  32. ^ "Securitas to buy Stanley Black & Decker's electronic security business". Reuters. 8 December 2021.
  33. ^ Williams-Alvarez, Jennifer (2022-09-30). "WSJ News Exclusive | Stanley Black & Decker Cuts About 1,000 Finance Jobs As Part of Cost-Savings Drive". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-10-04.
  34. ^ "Stanley Black & Decker Annual Report". 2013. Retrieved May 1, 2014.
  35. ^ "Stanley Black & Decker Products & Services". Archived from the original on March 26, 2014. Retrieved May 1, 2014.
  36. ^ "Stanley Black & Decker: Our Brands". Archived from the original on May 31, 2014. Retrieved May 1, 2014.
  37. ^ a b c Black and Decker shuttering N.C. plant April 13, 2005
  38. ^ "Delta/Porter Cable website. ->About Us/History -> Section Titled: "A New Era"". Retrieved December 31, 2010.
  39. ^ "La storia - Pastorino Expert". pastorino-expert.it. Retrieved October 6, 2016.
  40. ^ "About Us". Britool Expert. Retrieved October 18, 2016.
  41. ^ "Stanley Engineered Fastening". Retrieved May 1, 2014.
  42. ^ "Securitas accelerates its ambition to become an outstanding global security solutions partner" (Press release). Securitas. July 22, 2022. Retrieved December 24, 2022.
  43. ^ "Stanley Black (SWK) to Divest Security Business to Securitas". www.yahoo.com. 9 December 2021. Retrieved 2022-10-04.
  44. ^ Decker, Stanley Black &. "Stanley Black & Decker to Sell Access Technologies Business for $900 Million in Cash to Allegion". www.prnewswire.com (Press release). Retrieved 2022-10-04.
  45. ^ Decker, Stanley Black &. "Stanley Black & Decker Reaches Agreement To Sell Its Oil & Gas Business". www.prnewswire.com (Press release). Retrieved 2022-10-04.
  46. ^ Warner, Melodie (2012-10-09). "Spectrum Brands Buys Hardware Business". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-06-01.
  47. ^ "Stanley Black & Decker, Inc., Jackson Assets: Private Company Information". Bloomberg BusinessWeek. March 31, 2011. Archived from the original on May 18, 2014. Retrieved October 18, 2016.

Further reading

  • Walter, John (1996). Antique & Collectible Stanley Tools: Guide to Identity & Value. Ohio: The Tool Merchant. ISBN 1-878911-02-3.
  • Lista

External links

  • Business data for Stanley Black & Decker:
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