Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
Contents
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, 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.
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.
In July 2016, CEO John F. Lundgren stepped down, with President and COO James M. Loree taking over as CEO.
In July 2022, CEO James M. Loree stepped down, with President and CFO Donald Allan, Jr taking over as CEO. Three years later, Allan, Jr was succeeded by Christopher Nelson as CEO.
Acquisitions
1906-7: To strengthen its position in Canada, a tool plant was opened in Roxton Pond, Quebec. The company was officially incorporated as the Stanley Tool Company of Canada, Ltd. on February 7, 1907. The Roxton Pond plant continued operations until 1984.
1937: Stanley Works entered the United Kingdom market with the acquisition of J.A. Chapman of Sheffield, England.
1946: Stanley Works acquired North Brothers Manufacturing Company in Philadelphia, Pennsylvania.
1963: Stanley started operations in Australia as Stanley-Titan when it bought a 50% share of Titan, a subsidiary of BHP.
1966: Stanley Works acquired Vidmar Cabinets in Allentown, Pennsylvania.
1970: Stanley-Titan acquired Turner Tools, based in Melbourne, Australia.
1980: Stanley Works acquired Mac Tools.
1984: Stanley Works purchased Proto from Ingersoll Rand and it becomes Stanley Proto.
1986: Stanley Works acquired Bostitch from Textron.
1990: Stanley Works acquired Goldblatt and ZAG Industries.
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.
Business segments and brands
Sources:
Tools
DeWalt – power tools; B & D acquired in 1960
Guoqiang (GQ) Tools (China) – power tools
Porter-Cable – power tools; B & D acquired in 2004/2005
Oldham Saw Company – circular saw blade and wood router bit products; B & D acquired in 2004
Black+Decker – acquired (via merger) in 2010
Craftsman – acquired from Sears KDCP in 2016
Pastorino – carpentry and construction hand tools
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) 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
Outdoor
Cub Cadet
Troy-bilt
Rover
MTD
Industrial
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
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
Hydraulic tools
Dubuis – cutting, crimping, and grounding tools
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
The North American headquarters is located in Fishers, Indiana. This division 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 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
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.
Stanley Access Technologies
In Q1 2022, Stanley Access Technologies were sold to Allegion for $900 million in cash.
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.
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.
These were sold to Spectrum Brands in 2012.
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
This was sold to MAT Holdings in 2011.
DeVilbiss Air Power – pneumatic tools; B & D acquired in 2004; now known as MAT Industries, LLC