Stanley Black & Decker
Introduction
Stanley Black & Decker is a world leader in the tools industry committed to providing the tools and innovative solutions that myriads of companies can trust and rely on to get their jobs done seamlessly without hassle. With hundreds of brands in its portfolio such as Craftsman, Dewalt, Black+Decker, Stanley, Cub Cadet, Troy-Bilt, and Hustler, Stanley Black & Decker has been surprising the tools industry as well as its dedicated customer and competitors with its amazing brands since 1843, and it’s committed to doing the same for years to come. In this piece, however, you would be shown all basic and necessary information that revolves around Stanley Black & Decker, which includes but is not limited to: its background history, mode of operation, product listings, financial position, as well as its pros and cons. The main purpose of this paper is for you to absorb all the necessary information as swiftly as possible. Therefore, to avoid ambiguity, all relevant information would be presented in a simple and concise manner.
History
Formerly known as Stanley works, the genesis of Stanley Black & Decker began in 1843 when the company was established. Stanley Black & Decker is an American manufacturing company that deals with the production of industrial tools, security products, and household hardware. Rated #1 in engineered fastening system, Stanley Black & Decker avail several companies (top and aspiring) with tools that enable them to work with ease, the company’s infrastructure system helps several companies who are into the production of automobiles, cell phones, constructions, energies, et cetera.
In 1920, the amalgamation of Stanley Rule and Level Company founded in 1857 by Henry Stanley, and Stanley’s Bold Manufactory which was established by Fredrick Trent Stanley in 1843 led to the existence of The Stanley Works which was the former name of Stanley Black & Decker.
Stanley Work was opportune to receive the Army-Navy “E” Award for excellence in the production of war tools during World War II.
Major Acquisition
Although, Stanley Black & Decker has a long list of acquisitions filed in its archive, however, the few succeeding lines will give an overview and run through its major acquisitions concisely.
1937 – 1946: In 1937, Stanley Works acquired J.A Chapman of Sheffield, England, in the United Kingdom market. In 1946, North Brothers Manufacturing Company based in Philadelphia, Pennsylvania was acquired by Stanley Works.
1963 – 1970: Stanley Works purchased 50% equity of Titan, a subsidiary of BHP (1963). In 1966, Stanley Works purchased Vidmar Cabinets based in Allentown, Pennsylvania, and in 1970, Stanley – Titan bought Turner Tools based in Melbourne, Australia.
1980 – 1992: Stanley Works bought Mac Tools (1980), bought Proto from Ingersoll Rand (1984), purchased Bostitch from Textron (1986), bought Goldblatt and ZAG industries (1990), and in 1992, Stanley Works acquired Monarch Mirror Door Co. Inc. an American company based in California that specializes in manufacturing folding and sliding mirror doors.
2000 – 2010: Stanley Works bought Blick of Swidon based in England (2000), purchased Best Access Systems of Indianapolis in Indiana with the total amount of 310 million USD (2002), purchased OSI Security of Chula Vista based in California in 2007, bought Beach Toolbox industries in 2008, and in 2010, Stanley merged with Black & Decker and DeWalt tools and was rebranded with the name, Stanley Black & Decker.
2011 – 2021: Stanley Black & Decker acquired Niscayah on September 9, 2011, bought Lista North America based in Holliston, Massachusetts, and Power Fasteners based in Brewster, New York City in 2012, and AeroScout based in Redwood City, California. In 2016, Stanley Black & Decker purchased Hilmor, Irwin, Lenox tool brands for a total amount of 1.95 billion USD. Stanley Black & Decker purchased Craftsman from KCD, LLC ons Attachments Group with a tune of 690 million USD. In 2020, Stanley Black & Decker bought Aerospace Manufacturing, LLC with a total sum of 1.5 billion USD. In 2021, Stanley Black & Decker announced its intention to buy Exel industries which was solely controlled by the Hustler Turf Equipment and BigDog Mower Company.
And finally, in the same year, Security AB announced its agreement with Stanley Black & Decker to purchase its electronic business section for a total sum of 3.2 billion USD.
in 2017. In 2018, Stanley Black & Decker made a move to purchase International Equipment Soluti
Fun Facts
Industrial Ranking: Stanley Black & Decker is ranked #1 in the tools industry
Product Overview: Over 1000 new products with the inclusion of 45 ‘world’s firsts’ are produced annually
Number of Employees: Stanley Black & Decker has over 50,000 employees scattered in over 60 countries across the globe
Tools Sold: Stanley Black & Decker sells over 50 tools every second around the world.
Product Reach: Stanley Black & Decker’s products are sold in over 180 countries
Operating Model
Stanley Black & Decker leverage on priorities and resource allocation to build itself a sustained business model and high financial performance. While utilizing both people and technology, the company’s operating model is built on the following four premises:
Extreme Innovation: With the goal to keep producing tools that portray intense innovation, Stanley Black & Decker utilizes the resource-based school of strategy to achieve this feat.
Extraordinary Customer Experience: Committed to giving its customer nothing but a top-notch service experience, Stanley Black & Decker produces tools tailored to provide memorable customers
Operations Excellence: Stanley Black & Decker is ranked amongst the Fortune 500 companies based on its outstanding operational performance.
Performance Resiliency: The company’s resilience strength is evident in its journey which has lasted for over a century and still counting.
Brands & Business Units
Since its inception in 184, Stanley Black & Decker has been servicing the world with top quality, highly reliable, and efficient great tools that serve major companies across all industries. However, Stanley Black & Decker’s continuous service was made possible thanks to the following brand’s listed below:
Tools Brands
DEWALT
BLACK+DECKER
CRAFTSMAN
STANLEY
LENOX
Outdoor Brands
DEWALT
CUB CADET
TROY – BILT
HUSTLER
CRAFTSMAN
INDUSTRIAL SOLUTIONS
CONSOLIDATED AEROSPACE
ENGINEERED FASTENING
MANUFACTURING
CRIBMASTER
INFRASTRUCTURE
Other Brands
LISTA
BOSTITCH
FACOM
IRWIN
MAC TOOLS
PORTER-CABLE
Financials
Revenue: 15.6 Billion USD
Net Income: 1.56 Billion USD
Total assets: 28 Billion USD
Board of Directors
Andrea J. Ayers
Former President & Chief Executive Officer, and current Chairperson,
Donald Allan, Jr.
President & Chief Executive Officer, Stanley Black & Decker, Inc.
Patrick D. Campbell
Chief Financial Officer 3M Company, and Retired Senior Vice President
Carlos M. Cardoso
Principal, CMPC Advisor LLC, and chairman of Garrett Motion Inc.
Pros
Technical know-how: With over 100 years in the industry while acquiring major top brands and personnel into its workspace, Stanley Black & Decker has a team of brilliant individuals who are not only dedicated but are endowed with the technical know how of the industry.
Top-notch quality product: All Stanley Black & Decker products are quality intense and are efficiently wired to give customers the best and optimal services
Variety of product: Dues to its vastness and industrial expansion, Stanley Black & Decker provide tools in variety across all industrial sectors which include the automobile industry, power, and energy industry, construction industry, et cetera.
Segmentation: Stanley Black & Decker segments its market to enable it to serve its various customers according to their respective needs.
Team-work spirit: According to a reviewed research on Glassdoor, employees working at Stanley Black & Decker commented that the company embraces teamwork spirit, and by extension, the company is a great place to work.
Cons
Difficulty in finding resources: As a result of the large size of the company’s factory, it might be relatively difficult for you to find the tools you are in need on time
No work-life balance: A Glassdoor review indicate that employees at Stanley Black & Decker suffer work-life balance due to the stress incline status of their jobs
Conclusion
Today, the company is proud to be named among the Fortune 500 companies while still dedicated to providing seamless services to its customers, and the world at large. With Stanley Black & Decker’s philosophy which solely revolves around building customers’ trust and by extension to make the world a better place through its product offering and mode of operation, no doubt the company is quite relevant in the tool manufacturing industry.
Finally, based on the above extensive overview of Stanley Black & Decker, Inc. which kicked off from its historical snapshot to revealing its acquisition history, to sharing its fun facts, its operating model, to unveiling its brands and business units, while outlining its board of directors, its financials, and its pros and cons; I hope you are able to grasp all there is to know about Stanley Black & Decker, Inc. And that this article by extension has avail you with the avenue to make a rational choice when deciding whether to join Stanley Black & Decker, Inc. either as an investor or a client.
