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Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut , [ 3 ] Stanley Black & Decker is the result of the merger of The Stanley Works and ...
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It grew quickly and was reorganized and reincorporated in 1947 as DeWalt Inc. American Machine & Foundry Co., Inc. bought the company in 1949, and sold it to Black & Decker in 1960. Black & Decker divested itself of the radial arm saw manufacturing branch in 1989, selling it to two executives. In 1992, Black & Decker began a major effort to ...
A Black & Decker cordless drill. Black+Decker is an American manufacturer of power tools, accessories, hardware, home improvement products, home appliances, and fastening systems, headquartered in Towson, Maryland, north of Baltimore, where the company was originally established in 1910. In March 2010, Black & Decker merged with Stanley Works ...
Stanley Black and Decker said it wants to protect its brand and reputation after PMI — which makes Stanley cups — was forced to recall 2.6 million cups due to faulty lids that led to burns.
In October 2004, the Pentair Tools Group — comprising Porter-Cable, Delta Machinery, DeVilbiss Air Power, and others — was purchased by Black & Decker, now Stanley Black & Decker. Porter-Cable is headquartered in Jackson, Tennessee. Manufacturing in the United States has mostly ceased; tools are now made primarily in Mexico and China.
In 2012, Spectrum also purchased many non-tool assets from Stanley Black & Decker, primarily hardware, plumbing, and locks. While the Russel Hobbs purchase brought Black & Decker licensing to Spectrum (for small appliances), the HHI purchase did not involve brands marketed under the Black & Decker name.
The forward price-to-earnings multiple on Stanley Black & Decker is now 14 times, below the five-year mean of 20.1 times, according to Yahoo Finance data. The S&P 500 trades on a forward price-to ...