BIG Merger NEWS - Stanley Works and Black and Decker
November 04, 2009
The Stanley Works and The Black & Decker Corp. have entered into a definitive merger agreement to create Stanley Black & Decker—an $8.4 billion global player in an all-stock transaction valued at about $4.5 billion.
Founded in 1843, Stanley is known by brand names such as Stanley,
FatMax, Bostitch, Facom, Proto, Mac Tools, Sonitrol, Stanley Security
Solutions, Best and Vidmar. With roots dating back to 1910, Black &
Decker is known by brands such as Black & Decker, DeWalt,
Porter-Cable, Emhart Teknologies, Kwikset, Baldwin and Price Pfister.
John F. Lundgren, Stanley’s chair and CEO, will be president and CEO of the combined company. Nolan D. Archibald, chairman, president and CEO OF Black & Decker, will serve as executive chair of the combined company for three years.
CLICK HERE for additional information.
Last modified on November 06, 2009
John F. Lundgren, Stanley’s chair and CEO, will be president and CEO of the combined company. Nolan D. Archibald, chairman, president and CEO OF Black & Decker, will serve as executive chair of the combined company for three years.
CLICK HERE for additional information.
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