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About Black & Decker

Stanley Black & Decker has the tools that neighbors envy. As a top US toolmaker, it markets hand tools, mechanics' tools, power tools, pneumatic tools, and hydraulic tools. Since the merger, the company's tool shed is bulging with additional items, such as garden tools, plumbing products (Pfister), and cleaning items (Dustbuster), as well as security – more... hardware (Kwikset) and door products. Besides the Stanley and Black & Decker names, it sells such brands as Bostitch, Mac Tools, and DEWALT. Stanley Black & Decker, the result of the merger of Stanley Works and rival Black & Decker in 2010, peddles its products through home centers and mass-merchant distributors, as well as through third-party distributors.

Beyond tools, Stanley Black & Decker has been busy diversifying into other areas, such as security and health care, to lessen its reliance on big-box retailers. To that end, the company in 2011 acquired InfoLogix, a provider of hardware, software, and services that gives hospitals and large companies access to mobile data. Following the $60 million purchase, InfoLogix became part of the company's Stanley Healthcare Solutions division. Later in the year, the company acquired Swedish electronic security and monitoring company Niscayah for about $984 million, as well as Microtec Enterprises, which does business as AlarmCap. Shelling out some $59 million, Stanley Black & Decker added this top security alarm service provider in Canada. (AlarmCap and Niscayah were integrated into the company's Security segment.) Strategically, buying InfoLogix and Niscayah, alone, generated a 25% increase in 2011 sales among the company's Security segment.

Complementing its existing Emhart Teknologies engineered fastening business and helping the company expand in emerging markets, Stanley Black & Decker inked a deal in mid-2012 to acquire Hong Kong's Infastech. The pending $850 million cash purchase will extend the company's reach in making and distributing engineered mechanical fasteners and in its Asia segment, which accounts for 7% of sales. Stanley Black & Decker is funding the acquisition by selling off its home and hardware improvement group to Spectrum Brands Holdings for $1.4 billion in cash. As part of the agreement, the company expects to exit its business focused on plumbing fixtures and residential locksets and builder's hardware marketed under the Kwikset, Weiser, Baldwin, Stanley, National, and Pfister brands, among others.

To its benefit, sales were up 24% overall in 2011 vs. 2010. Stanley Black & Decker attributes the gains to the increase in organic sales volume from new product introductions, the impact of a full year of results from the merger and from 2011 acquisitions, and the favorable effects of foreign currency translation -- particularly in Europe and Asia.

Combining the Stanley Works and Black & Decker companies has been a successful venture. Stanley Works and Black & Decker merged their operations in an all-stock deal worth about $4.5 billion. The company is led by former Stanley Works CEO John Lundgren as its president and CEO alongside Nolan Archibald, former Black & Decker CEO, as executive chairman. As part of the deal, it's speculated that Archibald could leave the company in 2013 with an estimated $89 million pay package. Former Stanley investors own a narrow majority stake in the new business, with about a 51% holding; Black & Decker's shareholders own the remainder. Completing the transaction brought nearly three decades of merger considerations between the toolmakers to a close. With complementary product portfolios, the companies expect to save about $350 million annually as the combined Stanley Black & Decker entity.

Prior to the merger, Stanley Works had been facing sharp sales declines because of the severe financial crisis in the US and abroad. To keep its head above water, the company shed about 10% of its global workforce and shuttered a few manufacturing plants. – less

Black & Decker Employer Reviews

Machine Operator (Former Employee), Easton, MDFebruary 6, 2014
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Data Entry / Customer Service Clerk (Former Employee), Caguas, PRDecember 27, 2013
Sales Executive, M (Former Employee), Dubai, DUNovember 10, 2013
Quality Inspector (Former Employee), Fayetteville, NCNovember 3, 2013

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