Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware and provider of security products and locks headquartered in New Britain, Connecticut. Stanley Black & Decker is the result of the merger of Stanley Works and Black & Decker on March 12, 2010.
The company 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.
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.
1937: Stanley Works entered the UK market with the acquisition of J.A Chapman of Sheffield, England.1946: Stanley Works acquired North Brothers Manufacturing Company.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.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, whilist sourcing various items from Proto in the USA (marked as Proto on items) due to short supply of left over Australian made tools being sold out until all manufacturing was up to speed 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, a UK integrator of security solutions, communication, and time-management solutions, and CST Berger.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, Inc. was announced. Security Group was composed of two primary operating companies: Sargent & Greenleaf, Inc., 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. Stanley Works also acquired Facom'.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. The merger was completed on March 12, 2010.2010: In July, the company announced the acquisition of CRC-Evans Pipeline International. 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, headquartered in Holliston, Massachusetts, was completed.2012: On June 1, the acquisition of Powers Fasteners, headquartered in Brewster, New York, was completed.2012: On June 5, the acquisition of AeroScout, Inc., headquartered in Redwood City, California, was completed.2016: Stanley Black & Decker announced in October that it acquired the Irwin, Lenox, and Hilmor tool brands for $1.95 billion from Newell Brands.2017: On January 5, news reports indicated that it would acquire the Craftsman brand from KCD, LLC (A Sears Holdings subsidiary). 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.Business segments and brands
Sources:
DeWalt – power tools; B & D acquired in 1960Guoqiang (GQ) Tools (China) – power toolsPorter-Cable – power tools; B & D acquired in 2004/2005Oldham Saw Company – circular saw blade and wood router bit products; B & D acquired in 2004Black & Decker – acquired (via merger) in 2010Stanley Hand ToolsCraftsmanPastorino – carpentry and construction hand toolsStanley Hand Tools – carpentry and construction hand toolsFastening and accessories
Bostitch – fastening tools; acquired in 1986Powers Fasteners – adhesive and mechanical anchorsIndustrial and automotive repair (IAR)
Cribmaster – tool inventory, storage, tracking and usage/vending managementExpert – industrial and automotive toolsFacom (France) – professional tools; acquired in 2006 (includes Britool)Lista North America – industrial storage; acquired in 2012Mac Tools – professional tools; acquired in 1980Proto – industrial hand tools; acquired in 1984Blackhawk – Mechanic's tools; acquired in 1986Sidchrome (Australia/New Zealand) – mechanics' tools; acquired in 1990Stanley Supply & Services – MRO products and services; formerly Contact East and Jensen Tools; renamed in 2006USAG (Italy) – professional toolsVidmar – industrial storage; acquired in 1966Virax (France) – plumbing tools; acquired in 2006Emhart Teknologies – fastening and assembly; acquired in 2010; later renamed Stanley Engineered FasteningDodge – metal-on-plastic threaded insertsGripco – threaded fastenersHeliCoil – threaded insertsInfastech – acquired in 2013 by Stanley Engineered FasteningAvdel – blind fastening systems and related toolsiForm – coated threaded fastenersMasterFix (Europe) – blind rivetingNPR/POP – riveting technologySpiralock – threaded fasteners and inserts; acquired in 2010 by EmhartStanley Assembly Technologies – assembly line power toolsTucker – hole-less fasteningWarren – custom fastening fabricationHydraulic toolsDubuis – cutting, crimping, and grounding toolsHorst Sprenger GmbH (Germany) – replacement consumables for scrap processing equipmentLaBounty – non-impact hydraulic attachmentsStanley Hydraulic ToolsStanley Oil & Gas (CRC-Evans International) – equipment used in the construction of pipelines for the oil and gas (O&G) industryThis focuses on electronic security systems and related services. A reorganization of Stanley Security Solutions, Stanley Correctional Systems and Healthcare Solutions resulted in a unified non-hardware business unit.
Blick (UK) – security solution, communication and time management systems integratorHSMNiscayah AB; acquired in 2011SonitrolGénérale de Protection (France)Stanley Health Care Solutions – supply chain, asset, and patient/resident protection systemsAeroScout – real-time location systems (RTLS)Arial – wireless emergency callBed-Check – electronic fall monitoringInnerSpace - a provider of healthcare storage solutions and inventory management analysis. InnerSpace also provides web-based supply management software that utilizes barcoding technology to increase charge capture, reduce excess inventory, and eliminate waste. It was acquired in 2006.Hugs Infant Protection – infant abduction and mismatch preventionMicro-Tech Enterprises – electronic fall monitoringMyCall – wireless emergency callPassport – adult patient elopement and flight preventionPedz – pediatric patient abduction and flight preventionRoamAlert – clinical and residential wander managementScanModul – healthcare industry storageSpaceTRAX – inventory managementTabs – electronic fall monitoringUMP – electronic fall monitoringWanderGuard – patient/resident wander managementIntivid Solutions – video electronicsThese are physical access systems and associated hardware, including automatic doors, electronic keyless entry systems, locking mechanisms and related keying systems.
Best Access Systems – door hardware and locks; acquired in 2002C.J. Rush Industries (Canada) – revolving doors and entrance systemsEVS (Canada)Frisco Bay Industries Ltd. (Canada)Frisco-ATMS (Canada)SafemastersSargent and Greenleaf, Inc.Sielox Security Systems (Australia)Stanley Access Technologies – automatic doorsStanley Door ClosersPrecision Hardware – panic and fire exit hardwareStanley HardwareHardware and home improvement (HHI)
These were sold to Spectrum Brands in 2012.
Baldwin – acquired in 2010Kwikset – acquired in 1989 by Black & DeckerNational Hardware – general hardware; acquired in 2005Price Pfister – plumbing fixtures; acquired in 1989 by Black & DeckerWeiser Lock – keyless entry and door hardwareAir compressors and pressure washers
This was sold to MAT Holdings in 2011.
DeVilbiss Air Power – pneumatic tools; B & D acquired in 2004; now known as MAT Industries, LLCHusky – private-label hand tools for The Home Depot; acquired in 1986, later transferred to The Home DepotCraftsman – private-label hand tools for Sears, up until the mid-1980sVector Products – battery chargers, power inverters, and similar power products; acquired in 2007; sold to Baccus Global in 2010
