Stanley Black & Decker

Stanley Black & Decker (NYSE: SWK), formerly known as The Stanley Works, is a manufacturer of tools and 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.^[4]

History

The company was created by 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.

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.

Acquisitions

• 1937: Stanley Works entered the UK market with the acquisition of J.A Chapman of Sheffield.^[6]
• 1980: Stanley Works acquired Mac Tools.^[6][7]
• 1984: Stanley Works purchased Proto from Ingersoll Rand and it becomes Stanley Proto.^[8]
• 1986: Stanley Works acquired Bostitch from Textron.^[9]
• 1990: Stanley Works acquired Goldblatt^[6][7] and ZAG Industries.^[7]
• 1992: Stanley Works purchased the Chatsworth, California-based Monarch Mirror Door Co. Inc., a 1,000-employee manufacturer of sliding and folding mirror-doors, formerly owned by Oscar Kain, of Los Angeles (now deceased). Terms of the sale were not disclosed.
• 2000: Stanley Works acquired Blick of Swindon, England,^[6][7] a leading UK integrator of security solutions, communication, and time management solutions to the commercial and industrial sectors, selling direct to end users, and CST Berger.^[6][7]
• 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, DC was announced. ISR Solutions is an electronic security integrator providing 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 medium and high security locks and Safemasters, a North American provider of physical security installation, maintenance and repair services, with an emphasis on mechanical locking systems. 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.^[10] In 2006 also Stanley Works acquired Facom.^[6][7]
• 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: In June, Stanley announced the acquisition of Sonitrol, which provides high end security systems that use audio listening devices as the primary means of intrusion detection. Since the 1960s, they have accumulated over 100,000 commercial accounts in over 150 cities, and have an impressive record of helping police departments apprehend criminals. There is a combination of corporate owned locations and franchise locations. Stanley also acquired Xmark Corporation, which for over 25 years has provided Radio Frequency Identification (RFID) solutions to locate and protect people and medical equipment in healthcare environments. As of 2008, many of the Stanley Security Services divisions are being integrated under the unified HSM brand.
• 2009: On November 2, Stanley announced a merger with Black & Decker.^[11] The merger was completed on March 12, 2010.^[12]
• 2010: In July, Stanley announced the acquisition of CRC-Evans Pipeline International^[13] for $445 million in cash. 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 Jan 1 2012 the acquistion of Lista North America,Holliston,MA was complete.

Divisions

Hardware

• Baldwin – Acquired in 2010.
• Emhart Teknologies – Fastening and assembly. Acquired in 2010.
• National Hardware – General hardware. Acquired in 2005.
• Precision Hardware – Panic and fire exit hardware.
• Pfister – Faucets and other plumbing hardware. Acquired in 2010.
• Stanley Hardware
• Vidmar – Industrial storage. Acquired in 1966.

Health care

• Senior Technologies
• Stanley Health Care Solutions
  • InnerSpace – Health care supply storage.

Security

• Best Access Systems – Door hardware and locks. Acquired in 2002.
• C.J. Rush Industries (Canada) – Revolving doors and entrance systems.
• EVS (Canada)
• Frisco Bay Industries Ltd. (Canada)
• Frisco-ATMS (Canada)
• Générale de Protection (France)
• HSM – Security services.
• Intivid Solutions – Video electronics.
• Kwikset – Door locks and door hardware. Acquired in 2010.
• Safemasters
• Sargent and Greenleaf, Inc.
• Stanley Access Technologies
• Stanley Door Closers
• Stanley Security Solutions
  • Stanley Correctional Services – Security systems for correctional industry. Formerly Integrator.
• Weiser Lock – Door locks and door hardware. Acquired in 2010.
• Niscayah AB. Acquired in 2011

Tools

• Black & Decker – Acquired (via merger) in 2010.
  • Delta Machinery – Power tools. B & D acquired in 2004^[14]/5.^[15]
  • DeVilbiss Air Power – Pneumatic tools. B & D acquired in 2004.^[14]
  • DeWalt – Power tools. B & D acquired in 1960.
  • Oldham Saw Company – Circular saw blade & wood router bit products. B & D acquired in 2004^[14]
  • Porter-Cable – Power tools. B & D acquired in 2004^[14]/5.^[16]

• Bostitch – Fastening tools. Acquired in 1986.

• Facom (France) – Professional tools. Acquired in 2006.
• Mac Tools – Professional tools. Acquired in 1980.
• Oldham Blades – Saw blades. Acquired in 2010.
• Proto – Industrial hand tools. Acquired in 1984.
  • Blackhawk – Mechanic's tools. Acquired in 1986.
• Sidchrome (Australia/New Zealand) – Mechanic's tools. Acquired in 1990.
• Stanley Assembly Technologies
• Stanley Hand Tools – Carpentry and construction hand tools.
  • Craftsman – Private-label hand tools for Sears, up until the mid-1980s.
  • Husky – Private-label hand tools for The Home Depot. Acquired in 1986, later transferred to Home Depot.
  • Kobalt – Private-label hand tools for Lowes. Later made by Danaher Corporation
• Stanley Hydraulic Tools
• InnerSpace - 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. Acquired in 2006
• Stanley Supply & Services – MRO products and services. Formerly Contact East and Jensen Tools – renamed in 2006.
• Vector Products – Battery chargers, power inverters, and similar power products. Acquired in 2007.
• Virax (France) – Plumbing tools. Acquired in 2006.

Executive compensation

In July 2011, the New York Times reported Chief Executive Officer John F. Lundgren made $21.7 million dollars in compensation. ^[17]

Notes

Further reading

• Walter, John (1996). Antique & Collectible Stanley Tools: Guide to Identity & Value. Ohio: The Tool Merchant. ISBN 1-878911-02-3. 

External links

• Stanley Black & Decker web site