Content about Stanley Black

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. 

Something is wrong on Wall Street.

The whole financial community is aflutter over Facebook shares, which stumbled out of the blocks as a publicly traded company last month.

But that’s not the problem. The problem is that the company’s market capitalization is completely out of whack with acceptable notions of corporate significance and meaningful contributions to society. The value of Facebook shares multiplied by the number of those shares is — at last tally — an amazing $87.33 billion.

Manufacturers responding to an article about Made in the USA products point to a variety of benefits of domestic manufacturing in today’s economy, including psychology and quality control.

The national average for a gallon of regular gasoline is holding steady at $3.45. Stanley Black & Decker and Newell Rubbermaid showed big monthly gains on the Home Channel Stock Roundup.

Stanley Black & Decker, the New Britain, Conn.-based manufacturer of tools, security hardware and other products for the home, reported revenues of $2.6 billion for the third quarter of 2011, an 11% rise from sales of $2.3 billion in the same quarter a year ago. The company attributed the gains to 4% organic growth, 3% from currency and 4% from acquisitions.

Net earnings reported for the quarter were $155 million, compared with $123 million in the third quarter of 2010.

New Britain, Conn.-based Stanley Black & Decker's wholly owned Swedish subsidiary has acquired in total 72,005,890 class B shares of global security firm Niscayah Group.

The shares represent approximately 19.8% of the outstanding shares and approximately 13.9% of the total number of votes in Niscayah.

The acquisition of these shares was made through purchases outside of the company’s pending tender offer to acquire all the outstanding shares and warrants of Niscayah. 

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%. 

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. 

New Britain, Conn.-based Stanley Black & Decker announced it has entered into a deal to acquire Hatboro, Pa.-based Infologix, a provider of enterprise mobility solutions for the healthcare and commercial industries.

According to Stanley, the total transaction value is approximately $61.2 million, including the assumption of debt, of which approximately $22.1 million is currently outstanding and a portion of which is convertible into shares of common stock of InfoLogix.