Stanley Black & Decker

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Stanley Works redirects here. For the factory called 'Stanley Works' in Belgrave Road near Norwood Junction railway station in London, started by British inventor William Stanley, see William Stanley (Victorian inventor).
Stanley Black & Decker
Company typePublic (NYSE: SWK)
IndustryHardware
Founded1843[1]
FounderFrederick Trent Stanley
S. Duncan Black
Alonzo G. Decker
HeadquartersNew Britain, Connecticut, U.S.A.
Key people
John F. Lundgren
(Chairman and CEO)
James M. Loree (EVP and CFO)
ProductsTools, hardware, security, medical equipment
RevenueUS $4.48 billion (2007)[2]
1,062,500,000 United States dollar (2022) Edit this on Wikidata
Number of employees
17,600[2]
Websitewww.stanleyblackanddecker.com

Stanley Black & Decker (NYSE: SWK), formerly known as The Stanley Works, is a manufacturer of tools and hardware and provider of security products and locks headquartered in New Britain, Connecticut. On March 12th, 2010, Stanley Works merged with Black & Decker to become Stanley Black & Decker.[3]

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,[4] 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.[5]

In the 1980s Stanley Works acquires Mac Tools.[6][5]

In 1984 Stanley Works purchased Proto from Ingersoll Rand and it becomes Stanley Proto. [7]

In 1986 Stanley Works acquired Bostitch from Textron. [8]

In 1990 Stanley Works acquires Goldblatt[6][5] and ZAG Industries.[6]

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[6][5] and CST Berger.[6][5]

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. [9]

In 2006 Stanley Works acquires Facom.[6][5]

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. [10] The merger was completed on March 12, 2010.[11]

Divisions

Hardware

  • Baldwin—Acquired in 2010.
  • Emhart Teknologies—Fastening and assembly. Acquired in 2010.
  • National Hardware—General hardware. Acquired in 2005.
  • Precision Hardware—Panic and fire exit hardware.
  • Price Pfister—Faucets and other plumbing hardware. Acquired in 2010.
  • Stanley Hardware
  • Vidmar—Industrial storage. Acquired in 1966.

Health Care

  • Senior Technologies
  • Stanley Health Care Solutions
    • InnerSpace—Health care supply storage.

Security

  • Best Access Systems—Door hardware and locks. Acquired in 2002.
  • C.J. Rush Industries (Canada)—Revolving doors and entrance systems.
  • EVS (Canada)
  • Frisco Bay Industries Ltd. (Canada)
  • Frisco-ATMS (Canada)
  • Générale de Protection (France)
  • HSM—Security services.
  • Intivid Solutions—Video electronics.
  • Kwikset—Door locks and door hardware. Acquired in 2010.
  • Safemasters
  • Sargent and Greenleaf, Inc.
  • Stanley Access Technologies
  • Stanley Door Closers
  • Stanley Security Solutions
    • Stanley Correctional Services—Security systems for correctional industry. Formerly Integrator.
  • Weiser Lock—Door locks and door hardware. Acquired in 2010.

Tools

  • Black & Decker—Acquired in 2010.
  • Bostitch—Fastening tools. Acquired in 1986.
  • Delta Machinery—Power tools. Acquired in 2010.
  • DeVilbiss Air Power—Pneumatic tools. Acquired in 2010.
  • DeWalt—Power tools. Acquired in 2010.
  • Facom (France)—Professional tools. Acquired in 2006.
  • Mac Tools—Professional tools. Acquired in 1980.
  • Oldham Blades—Saw blades. Acquired in 2010.
  • Proto—Industrial hand tools. Acquired in 1984.
    • Blackhawk—Mechanic's tools. Acquired in 1986.
  • Porter-Cable—Power tools. Acquired in 2010.
  • Sidchrome (Australia/New Zealand)—Mechanic's tools. Acquired in 1990.
  • Stanley Assembly Technologies
  • Stanley Hand Tools—Carpentry and construction hand tools.
    • Craftsman—Private-label hand tools for Sears, up until the mid-1980s.
    • Husky—Private-label hand tools for The Home Depot. Acquired in 1986, later transferred to Home Depot.
  • Stanley Hydraulic Tools
  • Stanley Supply and Services—MRO products and services. Formerly Contact East and Jensen Tools, renamed in 2006.
  • Vector Products—Battery chargers, power inverters, and similar power products. Acquired in 2010.
  • Virax (France)—Plumbing tools. Acquired in 2006.

References

  1. ^ Stanley Works. "Company History". Retrieved 2008-01-09.
  2. ^ a b Google Finance. "Stanley Black & Decker". Retrieved 2008-01-09. {{cite web}}: |author= has generic name (help)
  3. ^ "Stanley and Black & Decker Complete Merger" (Press release). Stanley Black & Decker. 2010-03-12. Retrieved 2010-03-19.
  4. ^ "Patrick's Blood and Gore". Patrick Leach. Enormously detailed model history of planes manufactured by Stanley.
  5. ^ a b c d e f Resource Directory. "Time Line - The History of Stanley Works". Retrieved 2008-08-21. {{cite web}}: |author= has generic name (help)
  6. ^ a b c d e f Superbrands. "Stanley brand" (PDF). Retrieved 2008-08-21.
  7. ^ Stanley Proto. "Proto Tools 100th Anniversary Timeline". Retrieved 2008-08-21.
  8. ^ Stanley Bostitch. "Stanley Bostitch - Our History". Retrieved 2008-08-21.
  9. ^ The Stanley Works, Annual Report, 2006
  10. ^ http://www.marketwatch.com/story/stanley-works-buys-black-decker-2009-11-02
  11. ^ http://www.baltimoresun.com/business/bal-black-decker-stanley-0312,0,5896139.story?track=rss

Further reading

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

External links

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