Stanley Black & Decker

For the factory of the same name started by British inventor William Stanley, see William Stanley (Victorian inventor).

Stanley Works

File:SB&Dlogo.png
Company type	Public (NYSE: SWK)
Industry	Hardware
Founded	1843
Founder	Frederick Trent Stanley
Headquarters	New Britain, Connecticut
Key people	John F. Lundgren Chairman and CEO James M. Loree EVP and CFO
Products	Tools
Revenue	US $4.48 billion (2007)
Net income	1,062,500,000 United States dollar (2022)
Number of employees	17,600
Website	Stanley Works

The Stanley Works (NYSE: SWK) (known casually as simply Stanley) was a manufacturer of tools and hardware and provider of security products and locks headquartered in New Britain, Connecticut. In March 2010, The Stanley Works merged with Black & Decker to become Stanley Black & Decker.

History

The company was created by the 1920 merger of Stanley's Bolt Manufactory, founded by Frederick Trent Stanley in 1843, and the Stanley Rule and Level Company, founded by Frederick's cousin, Henry Stanley, in 1857.

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.

Acquisitions

In 1937 Stanley Works enters the UK market via the acquisition of J.A Chapman in Sheffield.

In the 1980s Stanley Works acquires Mac Tools.

In 1984 Stanley Works purchased Proto from Ingersoll Rand and it becomes Stanley Proto.

In 1986 Stanley Works acquired Bostitch from Textron.

In 1990 Stanley Works acquires Goldblatt and ZAG Industries.

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 2000 Stanley Works acquires Blick and CST Berger.

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.

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.

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.

In 2006 Stanley Works acquires Facom.

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.

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 1960s, 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.

As of 2008, many of the Stanley Security Services divisions are being integrated under the unified HSM brand.

In 2008 Stanley acquired Xmark. For over 25 years, Xmark Corporation has provided Radio Frequency Identification (RFID) solutions to locate and protect people and medical equipment in healthcare environments.

On November 2, 2009, Stanley announced a merger with Black & Decker. The merger was completed on March 12, 2010.

Products

Stanley is a well-known brand of tools and has produced millions of hand planes, saws, rulers, try squares, chisels, screwdrivers, and many other types of tools for consumer and for industrial use. Their innovations include the Bailey plane, the Surform shaper, the PowerLock tape measure, the utility knife (or in British English, the Stanley knife), and an unusual multitool known as the Stanley #1 Odd Jobs. Stanley is also a supplier of PoziDriv (improved Phillips lookalike) screwdrivers. Stanley sells industrial and commercial fasteners, air tools, and air compressors under the Bostitch brand.

The Stanley brand name has been widely-licensed to include shoes, clothing and Lawn & Garden Tractors.

Stanley Works received the Golden Hammer Award for new product innovation in 2000, 2001 and 2002 .

Divisions

• Best Access Systems (door hardware and locks)
• Bostitch
• Craftsman hand tools, up to the mid-1980s
• EVS (Canada)
• Facom
• Frisco Bay Industries Ltd. (Canada)
• Frisco-ATMS (Canada)
• HSM (security services)
• Husky hand tools
• Integrator (security electronics)
• Intivid Solutions (video electronics)
• Mac Tools
• National (general hardware)
• Proto and Blackhawk
• Safemasters (security products)
• Sargent & Greenleaf, Inc. (security products)
• Stanley Supply & Services
• Stanley Tools (Carpentry and construction hand tools)
• Vidmar (Industrial storage)
• Sidchrome mechanics tools (Australia and New Zealand) "You Canna Hand a Man a Grander Spanner!"

Gallery

• 
  A Stanley PowerLock tape measure.
• 
  A Stanley utility knife.

Further reading

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

External links

• History of the Stanley Works
• Another history of the Stanley Works