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Stanley Black Decker
Stanley Black Decker

-16.0%

Machinery & equipment / Tools and Industrial Solutions

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Overview
Stanley Black & Decker is a global leader in the tools and storage, industrial, and security industries. The company was formed in 2010 through the merger of Stanley Works and Black & Decker and is headquartered in New Britain, Connecticut.
The company operates under three main business segments: Tools and Storage, Industrial, and Security. The Tools and Storage segment includes brands such as Stanley, Black+Decker, Craftsman, and DEWALT, among others, and offers a wide range of tools, power tools, and storage solutions for both professionals and consumers. The Industrial segment provides tools and equipment for the construction, manufacturing, and maintenance industries, while the Security segment offers security solutions for homes, businesses, and government agencies.
Stanley Black & Decker employs over 58,000 people globally and has operations in more than 60 countries. Despite being primarily known for its tools and hardware products, the company has also made significant strides in sustainability and social responsibility, implementing initiatives to reduce waste and promote diversity and inclusion in the workplace.
The company has a strong commitment to innovation, continuously developing new products and technologies to meet the changing needs of its customers. Its products and brand reputation have earned Stanley Black & Decker numerous awards and recognition, including being named one of the World’s Most Admired Companies by Fortune magazine and one of America’s Best Employers by Forbes.
In addition to its focus on business success, Stanley Black & Decker is also dedicated to making a positive impact in the communities it serves. The company supports various philanthropic initiatives, including investing in education and job training programs for underserved populations and providing disaster relief to those in need.
Overall, Stanley Black & Decker is a leading and reputable company known for its quality products, commitment to innovation, and dedication to social responsibility.
What is special about the company?
1. Diverse Product Portfolio: Stanley Black Decker offers a wide range of products and services in various categories such as hand tools, power tools, security solutions, industrial products, and engineered fastening systems.
2. Global Reach: With operations in over 60 countries, Stanley Black Decker has a strong global presence and serves customers in diverse markets worldwide.
3. Strong Brand Recognition: The company is known for its strong brand portfolio, including names like Stanley, Black Decker, Craftsman, and DEWALT, which are associated with quality, innovation, and reliability.
4. Focus on Innovation: Stanley Black Decker has a strong focus on innovation and invests heavily in research and development to bring new and advanced products to the market.
5. Commitment to Sustainability: The company is committed to sustainability and has set ambitious goals to reduce its environmental impact, promote diversity and inclusion, and support communities where it operates.
6. Strong Financial Performance: Stanley Black Decker has a proven track record of strong financial performance, with consistent revenue and earnings growth over the years.
7. Customer-Centric Approach: The company puts a strong emphasis on understanding and meeting the needs of its customers, resulting in high customer satisfaction and loyalty.
8. Corporate Social Responsibility: Stanley Black Decker is dedicated to giving back to society and has various initiatives in place to support communities, promote education, and provide disaster relief.
9. Employee-Friendly Culture: The company values its employees and promotes a positive and inclusive work culture, providing opportunities for personal and professional growth.
10. Strong Leadership: With a highly experienced and skilled management team, Stanley Black Decker has a strong leadership that drives the company's growth and success.
What the company's business model?
The Stanley Black Decker company is a diversified global provider of tools and storage, commercial electronic security and engineered fastening systems, and industrial products and services. Its business model involves designing, manufacturing, and marketing a wide range of products for professional, industrial, and consumer use.
The company operates through three business segments: Tools and Storage, Industrial, and Security. The Tools and Storage segment consists of power tools, hand tools, and related accessories marketed under various brand names such as DEWALT, Craftsman, and Stanley. The Industrial segment includes engineered fastening systems and components, as well as auto repair tools and industrial storage products. The Security segment offers electronic security products and services for commercial, industrial, and residential customers.
The company's business model is to develop and maintain a diverse portfolio of products and services to serve different market segments. It also focuses on innovation and brand-building to differentiate its products from competitors. Additionally, the company expands its global reach through strategic partnerships, acquisitions, and joint ventures. Its goal is to provide high-quality, reliable, and efficient products and services to its customers while maintaining profitability.
Interesting facts about the company
that you may not know
1. Stanley Black Decker is a multinational company that specializes in the manufacturing of power and hand tools, hardware, and security products.
2. The company was formed in 2010 through the merger of two historic companies, The Stanley Works and The Black & Decker Corporation.
3. The Stanley Works was founded in 1843 in New Britain, Connecticut by Frederick Stanley. Initially a door hardware company, it later expanded into other products, including hand tools.
4. The Black & Decker Corporation was founded in 1910 in Baltimore, Maryland by S. Duncan Black and Alonzo G. Decker. They invented the first portable electric drill, which was a game changer in the tool industry.
5. The iconic logo of Stanley Black Decker, with the letters SBD inside a yellow and black rectangle, was designed by prominent graphic designer, Paul Rand.
6. The company’s headquarters are currently located in New Britain, Connecticut and Towson, Maryland.
7. In addition to their famous tool brands such as Stanley, Black Decker, and DeWalt, the company also owns a number of popular consumer brands, including Craftsman, Irwin, Lenox, and Porter Cable.
8. Stanley Black Decker has a global presence with operations in over 60 countries and approximately 50,000 employees worldwide.
9. The company’s annual revenue in 2019 was approximately $14 billion, making it one of the largest tool and hardware companies in the world.
10. Stanley Black Decker has a strong commitment to sustainability and community involvement, with initiatives focused on energy and resource efficiency, community engagement, and employee volunteerism.
11. The company also has a long history of supporting and promoting women in the workforce, with programs like the Women’s Network and Women in Leadership.
12. Stanley Black Decker has been recognized by various organizations for its commitment to innovation, corporate responsibility, and diversity and inclusion, including being ranked on Forbes’ list of World’s Best Employers and named one of the Most Ethical Companies by the Ethisphere Institute.
13. The company’s products are used by professionals and DIY enthusiasts alike and can be found in many industries, including construction, manufacturing, and automotive repair.
14. In recent years, Stanley Black Decker has expanded into the digital space, developing innovative products such as the Craftsman VersaTrack, which allows users to easily customize and organize their tools.
15. With a long history and commitment to quality and innovation, Stanley Black Decker continues to be a leading brand in the tool and hardware industry and a staple in many households and businesses around the world.
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