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Stanley Adds $4.5B Tool to Its Belt: Black & Decker

Hand-tools giant merges with power-tools leader

By Will McCahill,  Newser Staff

Posted Nov 2, 2009 6:21 PM CST
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(Newser) – Two of America’s iconic tool companies are merging, with Stanley buying up Black & Decker in a deal worth $4.5 billion in stock. Stanley Black & Decker, as it will be known, combined complementary facets of the business: B &D is No. 1 in power tools and, the companies say, has little overlap with Stanley’s area of expertise, hand tools.

A Black & Decker power drill.
A Black & Decker power drill.   (Wikimedia Commons)
Stanley's logo.
Stanley's logo.   (StanleyTools.com)
A set of Stanley screwdrivers.
A set of Stanley screwdrivers.   (AP Photo)
A sample of the companies' products.
A sample of the companies' products.   (AP Photo (left); Wikimedia Commons (right))
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COMMENTS
Showing 3 of 3 comments
Netstorm2k10
Nov 3, 2009 12:25 PM CST
They both make good tools. Lets hope that, as a result of this, we don't lose the quality of both.
schmidtkoff
Nov 3, 2009 4:59 AM CST
i love black & decker. hope the brand doesn't get ruined. love my black and decker cordless weedwacker. and other such in my domain.
yummines
Nov 3, 2009 4:47 AM CST
oh, i thought it would be called Black & Stanley or something like that. when i read this Fedex Kinkos came to mind...

 
mergers and acquisitions • tools • Black & Decker • Stanley Works • hand tools • power tools

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