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Stanley Black & Decker Completes Acquisition Of Newell Brands' Tools Business and Purchase of Craftsman Brand - Mogul

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StanleyBlack&DeckerCompletesAcquisitionOfNewellBrands'ToolsBusinessandPurchaseofCraftsmanBrand

Stanley Black & Decker
Stanley Black & Decker Stanley Black & Decker is the world's largest tools and storage company, the world's second-largest commercial electronic security company, and a world-leading provider of engineered fastening systems, with unique and powerful growth platforms in the oil and gas and infrastructure industries.
2mo New Britain, CT, United States Story
Stanley Black & Decker Completes Acquisition Of Newell Brands' Tools Business and Purchase of Craftsman Brand

Stanley Black & Decker is pleased to announce recent acquisitions.  They welcome the Irwin®, Lenox® and hilmor® teams, their world-class brands and their high-quality industrial cutting, hand tools and power tool accessories solutions, to our family.  

Stanley Black & Decker's President and Chief Executive Officer, James M. Loree commented, 

"With the completion of the Newell Tools acquisition, we have further bolstered our presence in the global tools industry. The addition of the extraordinary Irwin® and Lenox® brands extends our reach into the plumbing and electrical trades and adds complementary products to our hand tool and power tool accessories businesses, allowing us to provide our customers and consumers with a more comprehensive, best-in-class offering.  We welcome the associates of Newell Tools to Stanley Black & Decker and look forward to a seamless integration process."

In addition, Stanley Black & Decker completed the purchase of the Craftsman brand from Sears Holdings.  Manufacturing in the U.S. is part of Craftsman’s rich history.  They are committed to bringing Craftsman’s manufacturing back to the United States, using materials from around the world, so you can take pride in knowing that Craftsman products sold by Stanley Black & Decker will once again be Made in the USA with global materials.

Stanley Black & Decker's President and Chief Executive Officer, James M. Loree commented, 

"We are pleased to complete the purchase of the Craftsman brand, a legendary American brand with tremendous consumer awareness built on a legacy of providing reliable products at a good value and standing behind them.  We will invest in the brand with a focus on quality, innovation and U.S. manufacturing, with the goal of rapidly increasing sales through new channels and will provide more information on our distribution plans as they are developed. 

Take a look at Stanley Black & Decker's current U.S. Manufacturing Footprint here.

We deliver tools, services and solutions for those who make the world.  It's at the heart of everything we do, and we have built a unique culture to support our success - a culture of innovation, a culture of growth, a culture of outperformance.  Our culture is built on seven core values, which drive us to not only do better for our customers and end users, but to do better for each other and our communities. 

INTEGRITY. ACCOUNTABILITY. RESPECT. SPEED. STRETCH. VISION. BOUNDARYLESS.


INNOVATION WITH IMPACT

Innovation has always been a hallmark of our culture, but in recent years we have been focused on raising the bar even higher.Everyone in our organization has rallied around innovation as the key to ensuring that the work of tomorrow is faster, safer and more efficient than ever before – both within Stanley Black & Decker and for our customers. Year after year we have brought the most innovative products to market, but our enhanced culture of innovation is pushing us even further to create solutions for unmet user needs and reshape how people work and live.

FOSTERING PROFESSIONAL DEVELOPMENT

We know our employees are our single greatest asset, so attracting, retaining and developing the best, most talented and skilled colleagues is a top priority. We work hard to ensure our teams are engaged, supported and equipped to deliver on the tremendous opportunities we have individually and collectively. We reward great work, encourage creative thinking and foster professional development. Furthermore, our Stanley Black & Decker Leadership Program focuses on cultivating skills needed to become an effective executive, manager, supervisor, or team member.


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Stanley Black & Decker
Stanley Black & Decker is the world's largest tools and storage company, the world's second-largest commercial electronic security company, and a world-leading provider of engineered fastening systems, with unique and powerful growth platforms in the oil and gas and infrastructure industries.

Since 1843, we’ve set the standard for excellence in everything we do. No company on earth has a stronger or more compelling history of delivering the hardworking, innovative, powerful tools that help professionals around the world build, repair, and protect the world’s most valuable objects.

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