About the Company
Stanley Black & Decker, Inc. is an American company that manufactures household hardware and industrial tools. The company is also involved in providing security products. Stanley Black & Decker stocks are traded on New York Stock Exchange (NYSE) and NASDAQ under the ticker symbol of ‘’SWK’’. Its stocks are also enlisted on the S&P 500 index.
The operations of Stanley Black & Decker, Inc. are segregated into three segments. These are Tools and Storage, Industrial and Security. Its Tools and Storage segments include power tools and equipment, hand tools, storage businesses and accessories. Stanley Black & Decker, Inc. includes engineered fastening and infrastructure businesses in the Industrial segment. On the other hand, its Security segment consists of convergent security solutions and mechanical access solutions businesses.
The formation of Stanley Black & Decker, Inc. occurred after the merger of The Stanley Works and Black & Decker in 2010. Stanley Works was founded by Frederick Stanley in 1843 as a manufacturer of bolts, hinges and hardware products in New Britain. Black & Decker was established in 1910 when Duncan Black and Alonzo Decker opened their shop in Baltimore. After six years, Black & Decker achieved the world’s first patent after innovating a portable power tool.
Stanley Black & Decker, Inc. expanded its businesses through several acquisitions. Before the establishment of Stanley Black & Decker, Inc., Stanley Works acquired several companies over a long period of time. The acquisition of Black & Decker forms the largest acquisition of Stanley Black & Decker, Inc. as the deal was closed at $4.5 billion. After the merge in 2010, Stanley Black & Decker, Inc. continued to follow the same path and expanded its business operations. In 2012, the company acquired Lista North America from LISTA. Similarly, it acquired two other companies in the same year, namely Powers Fasteners and AeroScout. In 2016, the company purchased Irwin, Lenox, and Hilmor tool brands from Newell Brands at the price of $1.95 billion. In 2020, Stanley Black & Decker, Inc. reached an agreement to take over Consolidated Aerospace Manufacturing, LLC for approximately $1.5 billion. The largest sale of Stanley Black & Decker, Inc. occurred in 2012, when the company sold Hardware and Home Improvement Group to Spectrum Brands Holding at a price of $1.4 billion.
In 2020, Stanley Black & Decker, Inc. received several awards in a wide range of categories. It ranked 150 in the Forbes list of World’s Best Employers 2020. The company ranked 155 in the list of Best Employers for Women 2020. Also, Stanley Black & Decker, Inc. ranked 632nd on the Forbes list of Global 2000 2020. As of 2020, Stanley Black & Decker, Inc. ranked 220th in the list of Fortune 500 companies.;
|Organisation||Stanley Black & Decker Inc|
|Industry||Tools & Accessories|
|HeadQuarters||New Britain, CT|