BIG Merger NEWS – Stanley Works and Black and Decker
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.
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