Tools and fastening products grow for Stanley Black & Decker
Stanley Black & Decker’s CEO and President lauded the performance of the company’s tools and engineered fastening units in its recent financials. In the report, covering Q2 2017, Stanley boss James M. Loree praised the firm’s “impressive performance” and noted organic growth from Tools and Storage of 8% and organic growth from Engineered Fastening of 6%. […]
Derelict Tucker Fasteners site in West Midlands to be redeveloped
The former Tucker Fasteners site in Great Barr, West Midlands is set to be redeveloped by property developer Barberry Group. Barberry has lined up a 46,000 sq ft warehouse facility on the Walsall Road site, which served Tucker Fasteners up until 2013, when the long-established factory was shut by parent group Stanley Black and Decker […]
dormakaba completes Stanley Black & Decker security division buy-out
Following last year’s announcement, dormakaba has now completed the acquisition of certain Mechanical Security businesses from Stanley Black & Decker. Included in the buy out is Stanley Commercial Hardware, based mainly across North America witha production facility in Taiwan, as well as GMT in China. The move makes dormakaba a strong number three player in the […]
Stanley Black & Decker grows US manufacturing footprint with tool brand acquisition
Stanley Black & Decker has made another tool acquisition with the purchase of the Craftsman brand from Sears Holdings. The buy out follows a tool brand acquisition in October – $1.95 billion for Irwin and Lenox Tools – and the sale of the majority of SBD’s Mechanical Security businesses last month, arguably indicating a focusing of […]
Stanley Black & Decker sells locks and security businesses for $725 million
Stanley Black & Decker has this week agreed to sell the majority of its Mechanical Security businesses to dormakaba for $725 million in cash. The sale includes the commercial hardware brands of BEST Access, phi Precision and GMT, which together represented 12 month revenues and EBITDA of approximately $270 million and $52 million, respectively. The business said […]
Stanley Black & Decker joins British Home Enhancement Trade Association
Heavyweight brand Stanley Black & Decker has joined the British Home Enhancement Trade Association (BHETA). With its UK head office in Slough, Stanley Black & Decker provides engineered fastening systems, tools, storage and commercial electronic security. Black + Decker is reportedly the inventor of the first portable electric drill as well as the world’s first to bring […]
Stanley Black & Decker pays $1.95 billion for Irwin and Lenox tools
The Tools business of Newell Brands – including industrial cutting, hand and power tools brands Irwin and Lenox – is to be acquired by Stanley Black and Decker for $1.95 billion. The purchase is set to boost Stanley Black and Decker’s presence in the global tools industry. According to the press statement, Newell offers strong […]
Revenue rises in Q2 for Stanley Black & Decker
Stanley Black & Decker revenues rose 2% to $2.9 billion in Q2 2016, with 4% organic growth. The outgoing CEO noted that there could be a potential fall out from Brexit and a challenging operating environment, but said innovation and organisational agility would help the firm through. The Q2 period saw Stanley Black & Decker announced its […]