Stanley Black & Decker
“Market Cap $12.73 B As of May 2014
At a Glance
- Industry: Household/Personal Care
- Founded: 1843
- Country: United States
- CEO: John Lundgren
- Employees: 50,700
- Sales: $11.02 B
- Headquarters: New Britain, Connecticut
#824 Global 2000
- #884 in Sales
- #1182 in Profit
- #1230 in Assets
- #879 in Market value
Stanley Black & Decker, Inc. provides power, hand tools and mechanical access solutions such as automatic doors, commercial and residential locking systems, electronic security and monitoring systems. It also manufactures and markets industrial tools and security solutions. The company operates through three segments: Construction & Do-It-Yourself, Security and Industrial. The Construction & Do-It-Yourself segment comprises of the professional power tool and accessories business, the consumer power tool business, which includes outdoor products and the hand tools, fasteners & storage business. The professional power tool and accessories business sells professional grade corded and cordless electric power tools and equipment including drills, impact wrenches and drivers, grinders, saws, routers and sanders. The consumer power tool business sells corded and cordless power tools sold under the Black & Decker brand, lawn and garden products and home products. The hand tools, fasteners & storage business sells measuring and leveling tools, planes, hammers, demolition tools, knives, saws and chisels. The Security segment comprises of convergent security solutions and the mechanical access solutions businesses. The convergent security solutions business designs, supplies and installs electronic security systems and provides electronic security services, including alarm monitoring, video surveillance, fire alarm monitoring, systems integration and system maintenance. The mechanical access solutions business sells and installs automatic doors, residential and commercial hardware, locking mechanisms, electronic keyless entry systems, keying systems, tubular and mortise door locksets. The Industrial segment comprises of industrial and automotive repair tools, engineered fastening and infrastructure businesses. The industrial and automotive repair business sells hand tools, power tools, and engineered storage solution products. The engineered fastening business primarily sells engineered fasteners designed for specific applications. Stanley Black & Decker was founded by Frederick T. Stanley in 1843 and is headquartered in New Britain, CT.“
“Stanley Black & Decker History
When you trace it all the way back, it comes down to three individuals: Frederick Stanley, Duncan Black, and Alonzo Decker. Three passionate individuals who built powerful companies that they were so proud of they put their names on them.
Hundreds of years later, we’re proud to continue their legacies and we’re proud to carry their names forward.
In 1843, Frederick Stanley started a small shop in New Britain, Connecticut, to manufacture bolts, hinges, and other hardware from wrought iron. With superior quality, consistent innovation, and rigorous operational improvement, Stanley’s company defined excellence, and so did his products.
In 1910, S. Duncan Black and Alonzo G. Decker started their shop, similar in size at first, in Baltimore, Maryland. Six years later they changed the world by obtaining the world’s first patent for a portable power tool, and the company they built has been changing the world ever since.
Both companies grew in parallel over the ensuing decades, amassing an unparalleled family of brands and products and an even more impressive wealth of industry expertise.
In 2010, the two companies combined to form Stanley Black & Decker, to deliver the tools and solutions that industrial companies, professionals, and consumers count on to be successful when it really matters.
Just as it was in 1843, our passion for excellence is seen around the world in our disciplined operations, purposeful business growth, and loyal customer relationships.”
*Information from Forbes.com and Stanleyblackanddecker.com
**Video published on YouTube by “StanleyBlackDecker“