Black & Decker
Black & Decker
Type | Subsidiary |
|---|---|
| Industry | Power tools, home improvement products, hardware, fastening technology |
| Founded | September 1910(as The Black & Decker Manufacturing Company) in Baltimore, Maryland, U.S. |
| Founder | S. Duncan Black Alonzo G. Decker |
| Headquarters | Towson, Maryland ,U.S. |
Key people | Nolan D. Archibaldceo |
| Products | Power tools |
| Revenue | $11.41 billion (FY2016)[1] |
Net income | $965.3 million (FY2016)[1] |
Number of employees | 27,000 |
| Parent | Stanley Black & Decker |
| Website | Consumer website [14] |
A Black and Decker cordless drill
Black & Decker Corporation is an American manufacturer of power tools, accessories, hardware, home improvement products and technology based fastening systems headquartered in Towson, Maryland. On March 12, 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker.[2] It remains as a wholly owned subsidiary of that company.
Type | Subsidiary |
|---|---|
| Industry | Power tools, home improvement products, hardware, fastening technology |
| Founded | September 1910(as The Black & Decker Manufacturing Company) in Baltimore, Maryland, U.S. |
| Founder | S. Duncan Black Alonzo G. Decker |
| Headquarters | Towson, Maryland ,U.S. |
Key people | Nolan D. Archibaldceo |
| Products | Power tools |
| Revenue | $11.41 billion (FY2016)[1] |
Net income | $965.3 million (FY2016)[1] |
Number of employees | 27,000 |
| Parent | Stanley Black & Decker |
| Website | Consumer website [14] |
History
1920 ad for the drills.
1910 – Black & Decker Corporation was founded by S. Duncan Black and Alonzo G. Decker as a small machine shop in Baltimore. Decker, who had a seventh grade education met Black in 1906, when they were both 23-year-old workers at Rowland Telegraph Co.[3]
1917 – Black & Decker invented the familiar portable electric drill, obtaining a patent for a hand-held drill combining a pistol grip and trigger switch.[4] Its logo, a hexagon, was used in one form or another from 1912 to 2014; it represents a hexagonal nut, a universal fastener.[5]
–– For many decades the director of design was Glenn Calvin Wilhide, a friend of Walter Gropius and other leading industrial designers of the day. Wilhide filed many US patents for Black & Decker.
1917 – Received a patent for the pistol grip and trigger switch on its drill. The first factory was opened in Towson; the company is still headquartered there today.
1928 – Acquired Van Dorn Electric Tool Company of Cleveland, Ohio.
1936 – Common stock begins trading on the New York Stock Exchange.
1941 August – The patent (filed by Wilhide) was granted for a portable power driven tool unit USD129046 S, which is the famous drill known today.
1943 – Received the Army-Navy "E" Award for production, one of four World War II citations awarded to the company.
1949 – First Black & Decker U.S. trademark awarded four years after filing in 1945.
1960 – Acquired DeWalt from American Machine and Foundry.
1975 – Francis P. Lucier succeeded Alonzo G. Decker, Jr. as chairman of the board, the first time a family member did not hold the post.
1984 – Acquired small-appliance business from General Electric Company.
1986 – Nolan D. Archibald is named chief executive officer.
1989 – Acquired Emhart Corporation[6] which includes the brand names Kwikset, Price Pfister faucets, Molly wall anchors, POP rivets, True Temper (both hardware and sports equipment) and other consumer and commercial products. Inducted into the Space Foundation's Space Technology Hall of Fame for its cordless power tool achievements and contributions to NASA's Gemini and Apollo programs.
1990 - True Temper hardware is sold to Huffy, and then sold to US Industries (owner of Ames) which later became Ames True Temper, which is now owned by Griffon Corporation.
2000 – Alonzo G. Decker, Jr. resigns from the board.[7]
2010 – Black & Decker merges with Stanley Works to become Stanley Black & Decker.[8]
2017 - Stanley Black & Decker purchases Craftsman from Sears.[9]
As of 2017Q4, the following list represents SWK's (STANLEY Black & Decker) brand portfolio:[10]
STANLEY (formerly known as The Stanley Works, started as Stanley's Bolt Manufactory, founded by Frederick Trent Stanley in 1843, and merging with the Stanley Rule and Level Company founded by Henry Stanley)
Black+Decker
Aero Scout
Bostitch
Craftsman
DeWalt
Facom, Mac Tools, Proto
Inner Space
Irwin
Lenox
Lista
Piranha
Porter Cable
Sonitrol
STANLEY Access Technologies
STANLEY Engineered Fastening
STANLEY Healthcare
STANLEY Infrastructure
STANLEY Security
Vidmar
Former brands and subsidiaries
Baldwin (sold to Spectrum Brands)
Delta Machinery (sold to Chang Type Industrial)
DeVilbiss Air Power (sold to MAT Holdings)
Kwikset (sold to Spectrum Brands)
Price Pfister (sold to Spectrum Brands)
Weiser Lock[11] (sold to Spectrum Brands)