American manufacturer of industrial tools and household hardware
"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.
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]
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 and Decker. In March 12, 2010 Black and Decker merged with Stanley Works to become Stanley Black and 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]
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]
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]
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:
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]
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.
↑ 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.
↑ 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.
Securitas AB is a security services, monitoring, consulting and investigation group based in Stockholm, Sweden. The group has over 300,000 employees in 53 countries worldwide. Securitas AB is listed at Nasdaq OMX Stockholm, Large Cap segment.
Black+Decker is an American manufacturer of power tools, accessories, hardware, home improvement products, home appliances and fastening systems headquartered in Towson, Maryland, north of Baltimore, where the company was originally established in 1910. In March 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker. It remains a wholly owned subsidiary of that company.
Cooper Industries was an American worldwide electrical products manufacturer headquartered in Houston, Texas. Founded in 1833, the company had seven operating divisions including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.
Cub Cadet is an American company that produces outdoor power equipment and services, including utility vehicles, handheld and chore products as well as snow throwers.
Pfister, formerly called Price Pfister until 2010, is an American manufacturer of bathroom and lavatory faucets, shower systems, showerheads and accessories, kitchen faucets and other plumbing fixtures. Emil Price and William Pfister founded the company in 1910. Today, Pfister is owned by Assa Abloy.
Craftsman is a line of tools, lawn and garden equipment, and work wear. Originally a house brand established by Sears, the brand is now owned by Stanley Black & Decker.
Newell Brands Inc. is an American manufacturer, marketer and distributor of consumer and commercial products. The company's brands and products include Rubbermaid storage and trash containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
Pentair plc (PNR) is an American water treatment company incorporated in Ireland with tax residency in UK, with its main U.S. office in Golden Valley, Minnesota. Pentair was founded in the US, with 65% of company's revenue coming from the US and Canada as of 2017. PNR was reorganized in 2014, shifting the corporate domicile from Switzerland to Ireland.
MTD Products is an American manufacturer of outdoor power equipment for the mass market. Headquartered in Valley City, Ohio, the company began in 1932 and is a wholly-owned subsidiary of Stanley Black & Decker. Prior to Stanley Black & Decker's acquisition in December 2021, MTD Products was a majority family-owned, private company. It originated as a tool and die maker. MTD's main competitors are Stihl, Ariens, Briggs & Stratton, John Deere and Husqvarna.
Kwikset is an American lock and lockset manufacturer owned by Spectrum Brands Hardware and Home Improvement Group (HHI), a Division of Spectrum Brands, and is in the process of being acquired by Assa Abloy. Originally Gateway Manufacturing Company, Kwikset was founded in California in 1946 by Adolf Schoepe, and Karl Rhinehart.
Sidchrome is an Australian brand of mechanics' tools. It is a subsidiary of Stanley Black & Decker.
Spectrum Brands Holdings, Inc. is an American diversified company headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation. It is one of the Fortune 500 companies, and among the largest of its kind.
The Home Depot Pro, headquartered in Jacksonville, Florida, is a wholesale distributor and direct marketer of maintenance, repair and operations (MRO) products for non-industrial businesses in the United States. The Home Depot Pro distributes products such as HVAC, janitorial supplies, plumbing supplies, and security supplies.
Stanley Bostitch, previously and more commonly known as simply Bostitch, is an American company that specializes in the design and manufacture of fastening tools—such as staplers, staple guns, nailers, riveters, and glue guns—and fasteners—such as nails, screws, and staples. Its product range covers home, office, like the pencil sharpener, construction and industrial uses, like the power tool.
Proto Tools is an American industrial hand tool company. Founded as Plomb, it is presently a division of Stanley Black & Decker. The company is credited with creating the first combination wrench in 1933.
Avdel is a worldwide operating company producing Blind Fastening Systems and related tools.
Niscayah was a security systems company based in Stockholm, Sweden, active in 17 countries and first listed at Nasdaq OMX Stockholm, Mid Cap, when it was distributed to the shareholders of Securitas AB in August 2006, under the name of Securitas Systems. In 2008, the name was changed to Niscayah.
CRC Evans provides welding and coating services and technologies to the energy and wider infrastructure sectors.
Bossard Group is an international Swiss fastener technology and logistics company with its headquarters in Zug. Their activities include worldwide sales, technical consulting and inventory management. The Group employs more than 2,700 people at 84 locations in Europe, America and Asia/Pacific and generated a turnover of 1.15 billion Swiss francs in 2022. Bossard Group is listed on the Swiss Stock Exchange SIX Swiss Exchange.
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
US$15.78 billion (2023)
