Content about Black & Decker

March 13, 2014

Former Stanley Black & Decker chairman Nolan Archibald, who retired from the company in March of last year, received a compensation package totaling approximately $133 million last year, according to an annual proxy SEC filing the company published on Tuesday.

A $51.4 million merger bonus contributed to the unusually high payout, which was "based on the annual run-rate of cost savings achieved by the company" as of his retirement that were attributable to the merger of Stanley and Black & Decker in 2010.

January 14, 2014

Black & Decker has launched a new global brand identity for its consumer power tools, outdoor power equipment and home products, which will be phased into retail and marketing efforts over the course of the year.

December 13, 2013

Towson, Md.-based Black & Decker introduced four new cordless power tools and a variety of new combination kit solutions.

The products are described by he company as “powerful and durable home-improvement solutions at a value for cost-conscious homeowners.”

These cordless tools are powered by the Black & Decker extended runtime 20V MAX* Lithium Ion Battery, and include a 1/2 Inch Drill/Driver, Impact Driver, Reciprocating Saw, and Circular Saw.

July 15, 2013

Based on its own June sales records, tool retailer CPO Outlets has released a trend report following this year's Father's Day season. 

The number one seller for Dad in 2013 was the Black & Decker LST136 - 36V Cordless Lithium-Ion 13-in Straight Shaft Electric String Trimmer. Runners-up were a drill driver kit from Skil, a cordless lithium-ion kit from Makita, a cordless worksite radio and charger from DeWalt and a Greenworks electric lawn mower.

March 7, 2013

Towson, Md.-based Black & Decker introduced four new models of germ-killing steam cleaning units.

Towson, Md.-based Black & Decker introduced four new models of germ-killing steam cleaning units.

The units use water to kill 99.9% of germs to achieve a deep down clean, according to the company. 

January 21, 2013

The board of directors of Stanley Black & Decker has announced that CEO John Lundgren has been elected to serve in the additional capacity as chairman of the board, effective March 13, following the expiration of Nolan Archibald’s term as executive chairman of the board.

The board of directors of Stanley Black & Decker has announced that CEO John Lundgren has been elected to serve in the additional capacity as chairman of the board, effective March 13, following the expiration of Nolan Archibald’s term as executive chairman of the board. 

Archibald’s employment agreement with the company expires on March 12, at which time he will retire as executive chairman of the board and as an executive of the company.

December 13, 2012

When a product reinvents a tool as basic and time-tested as the screwdriver, it’s worthy of an endcap.

That’s the thinking of Lowe’s and other retailers that are promoting the new Black & Decker GYRO as the “world’s first motion-activated screwdriver.”

October 18, 2012

Black & Decker is partnering with Richard Petty Motorsports and NASCAR Sprint Cup Series driver Marcos Ambrose. The Black & Decker-branded No. 9 Ford Fusion will race at four primary races: Kansas on Oct. 21, Martinsville on Oct. 28, Phoenix on Nov. 11 and Homestead-Miami on Nov. 18.

August 30, 2012

Towson, Md.-based Black & Decker has introduced the GYRO 4V MAX Lithium-ion Rechargeable Screwdriver (BDCS40G).

The manufacturer describes the new product as “the world’s first motion-activated screwdriver.” It uses gyroscopic technology that allows users to rotate their wrist one-quarter turn to the right for forward or left for reverse.

The variable speed feature and direction change that occurs with a twist of the wrist provide improved control while screwdriving, the company said.

August 29, 2012

Makita 18V LXT Series

August 16, 2012

Black & Decker has introduced the GYRO 4V MAX Lithium-ion Rechargeable Screwdriver (BDCS40G), a motion-activated screwdriver that controls variable speed and direction. The variable speed feature and direction change that occurs with a twist of the wrist provide improved control.

With the screwdriver’s gyroscopic technology, users only need to rotate their wrist one-quarter turn to the right for forward or left for reverse. 

July 25, 2012

Stanley Black & Decker has agreed to acquire Infastech, a global manufacturer and distributor of specialty engineered fastening technologies headquartered in Hong Kong, from CVC Capital Partners and Standard Chartered Private Equity Limited for $850 million in cash. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of 2012.

July 18, 2012

Stanley Black & Decker posted second-quarter net sales of $2.8 billion, up 8% from $2.6 billion in the prior-year quarter. The company attributed this to price (+1%), volume (+1%) and acquisitions (+10%), which were partially offset by currency (-4%).

Net earnings for the quarter totaled $154.8 million, down 22% from $197.6 in the second quarter of 2011.           

June 13, 2012

Stanley Black & Decker, the tools giant that made a splash with a blockbuster merger two years ago, is now attempting to sell a unit of its tool empire, according to an article in the Wall Street Journal.

The unit on the block includes Baldwin, Price Pfister and Kwikset brands, making builders hardware, door locks, bath fixtures and other home products. 

June 13, 2012

Stanley Black & Decker, the tools giant that made a splash with a blockbuster merger two years ago, is now attempting to sell a unit of its tool empire, according to an article in the Wall Street Journal.

The unit on the block includes Baldwin, Price Pfister and Kwikset brands, making builders hardware, door locks, bath fixtures and other home products. 

June 10, 2012

For about two years, the story at Stanley Black & Decker was never too far removed from the single word: “integration.” The merger of two tool giants was a natural topic for analysts, observers and customers.

During a product demonstration and media day in New York City this month, the story began to change back to another word: “innovation.” The company, as it unveiled dozens of new products at a New York City event this month, says it is beginning to gel across Stanley, Black & Decker, Bostitch, DeWalt and Porter Cable.

June 10, 2012

For about two years, the story at Stanley Black & Decker was never too far removed from the single word: “integration.” The merger of two tool giants was a natural topic for analysts, observers and customers.

During a product demonstration and media day in New York City this month, the story began to change back to another word: “innovation.” The company, as it unveiled dozens of new products at a New York City event this month, says it is beginning to gel across Stanley, Black & Decker, Bostitch, DeWalt and Porter Cable.

April 19, 2012

Sales were up but net earnings were down for Stanley Black & Decker, the maker of construction and DIY tools, security and industrial products.

New Britain, Conn.-based Stanley Black & Decker first quarter sales increased to $2.65 billion, up 12% from $2.36 billion in the same quarter last year.

The company said the sales growth was attributable to volume (+2%), price (+1%), currency (-1%) and acquisitions (+10%). Last year, Stanley announced it would acquire Niscayah Group AB, a Swedish commercial security company.

October 26, 2011

Stanley Black & Decker has made a $350,000 tool donation to the Joplin, Mo., rebuilding efforts. The tools, which are being used on the “Extreme Makeover: Home Edition” Joplin project, include Stanley, Bostitch, DeWalt, Porter-Cable and more. Following this project, the Home Builders Association of Southwest Missouri will gather, inventory and distribute the tools to the building trades classes at Franklin Technology Center and other area technical schools that lost their tools in the May 22 storm.

July 20, 2011

Tool manufacturer Stanley Black & Decker reported net sales of $2.62 billion for its second quarter, an increase from $2.37 billion in the same period a year ago.

Net income for the New Britain, Conn., company was $197.3 million, up from $45.8 million in the second period last year. 

April 27, 2011

New Britain, Conn.-based Stanley Black & Decker posted first quarter sales of $2.381 billion, up 89% from the year ago period -- thanks largely to the incremental sales achieved through Black & Decker.

The company, which marked its one -year anniversary of the Stanley and Black & Decker merger last month -- the companies merged March 12, 2010 -- said 71% of the sales increase was from Black & Decker, other acquisitions made up 9%, unit volume resulted in 7% growth, and currency rates added 2%. 

March 31, 2011

When Black & Decker rolled out its pivoting RapidRoller paint roller, which stores paint in its hollow handle, the Towson, Md.-based company was unveiling not just a new paint product, but a tool that reflects one of the biggest trends in hand tool design.

March 16, 2011

It's the largest pledge to date for ToolBank USA, the non-profit organization that provides tools -- from hand tools to hoses -- to volunteer organizations working to improve their communities.

Stanley will pay ToolBank USA $1 million over the next five years.

"This donation is about helping a strong, smart organization to bring its phenomenal work to even more communities across the country," said Tim Perra, global communications director, Stanley Black & Decker. 

February 2, 2011

Towson, Md.-based Black & Decker introduced a new paint roller with a pivoting head that stores paint in its long handle. 

Designed for speed and ease of use, the RapidRoller Paint Roller eliminates the need for paint trays through an E-Z Fill System that draws paint into its long handle. The company said the design of the tool helps consumers complete projects up to two times faster than with traditional rollers. And it's the first paint roller to come with a kickstand, when the user needs to take a break.

February 2, 2011

Towson, Md.-based Black & Decker introduced a new paint roller with a pivoting head that stores paint in its long handle. 

Designed for speed and ease of use, the RapidRoller Paint Roller eliminates the need for paint trays through an E-Z Fill System that draws paint into its long handle. The company said the design of the tool helps consumers complete projects up to two times faster than with traditional rollers. And it's the first paint roller to come with a kickstand, when the user needs to take a break.