Stanley Black & Decker, Inc. provides power and hand tools, products, and services for various industrial applications, mechanical access solutions (automatic doors and commercial locking systems), and electronic security and monitoring systems. Segments The company’s operations are classified into three business segments: Construction & Do-It-Yourself (CDIY), Industrial, and Security. CDIY This segment includes the Professional Power Tool business; the Consumer Products Group, which includes outdoor products; the Hand Tools & Storage business; and the Fastening & Accessories business. This segment sells its products to professional end users, distributors, and retail consumers. The majority of sales are distributed through retailers, including home centers, mass merchants, hardware stores, and retail lumber yards. The Professional Power Tool business sells professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers and sanders. The Consumer Products Group sells corded and cordless electric power tools sold primarily under the Black & Decker brand, lawn and garden products and home products. Lawn and garden products include hedge trimmers, string trimmers, lawn mowers, edgers, and related accessories. Home products include hand held vacuums and cleaning appliances. The Hand Tools & Storage business sells measuring, leveling and layout tools, planes, hammers, demolition tools, knives, saws, and chisels. Storage products include tool boxes, sawhorses and storage units. The Fastening and Accessories business sells cordless power tools, pneumatic tools and fasteners, including nail guns, nails, staplers and staples, concrete and masonry anchors, as well as power tool accessories, which include drill bits, router bits, abrasives, and saw blades. Industrial This segment includes the Industrial and Automotive Repair (IAR), Engineered Fastening, and Infrastructure businesses. The IAR business sells professional hand tools, power tools, and engineered storage solution products. The business sells to industrial customers in various industries and geographies. The products are distributed through third party distributors, as well as a direct sales force. The Engineered Fastening business primarily sells engineered fastening products and systems designed for specific applications. The product lines include stud welding systems, blind rivets and tools, blind inserts and tools, drawn arc weld studs, engineered plastic and mechanical fasteners, self-piercing riveting systems and precision nut running systems, micro fasteners, and high-strength structural fasteners. The business sells to customers in the automotive, manufacturing, electronics, and aerospace industries, amongst others, and its products are distributed through direct sales forces, and to a lesser extent, third party distributors. The Infrastructure business consists of the Oil & Gas and Hydraulics businesses. The Oil & Gas business sells and rents custom pipe handling, joint welding and coating equipment used in the construction of large and small diameter pipelines, and provides pipeline inspection services. The Hydraulics business sells hydraulic tools and accessories. The Infrastructure businesses sell to the oil and natural gas pipeline industry and other industrial customers. The products and services are primarily distributed through a direct sales force and, to a lesser extent, third party distributors. Security This segment includes the Convergent Security Solutions (CSS) and Mechanical Access Solutions (MAS) businesses. The CSS business designs, supplies and installs electronic security systems and provides electronic security services, including alarm monitoring, video surveillance, fire alarm monitoring, systems integration, and system maintenance. Purchasers of these systems contract for ongoing security systems monitoring and maintenance at the time of initial equipment installation. The business also sells healthcare solutions, including medical cabinets, asset tracking solutions, infant protection, pediatric protection, patient protection, wander management, fall management, and emergency call products. The CSS business sells to consumers, retailers, educational, financial, and healthcare institutions, as well as commercial, governmental, and industrial customers. Products are sold primarily on a direct sales basis. The MAS business sells and installs automatic doors, commercial hardware, locking mechanisms, electronic keyless entry systems, keying systems, tubular and mortise door locksets. The MAS business sells to commercial customers primarily through independent distribution channels. Customers A portion of the company’s CDIY products are sold to home centers and mass merchants in the U.S. and Europe. Patents and Trademarks In the CDIY segment, trademarks include STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, FatMax, Powers, Oldham, Guaranteed Tough and the yellow & black color scheme for power tools and accessories. Significant trademarks in the Industrial segment include STANLEY, DEWALT, CRC, LaBounty, Dubuis, MAC, MAC Tools, Proto, Vidmar, Facom, AeroScout, Cribmaster, Expert, USAG, SIDCHROME, Lista, POP, Warren, GRIPCO, Avdel, HeliCoil, MasterFix, Tucker, NPR, Dodge, and Spiralock. The Security segment includes trademarks, such as STANLEY, BEST, Blick, HSM, Sargent & Greenleaf, S&G, SONITROL, Niscayah, Stanley Access Technologies, AeroScout, InnerSpace, Hugs, WanderGuard, Roam Alert, MyCall, Arial, and Bed-Check. The terms of these trademarks vary from 10 to 20 years. Research and Development The company’s research and development costs were $174.6 million for the year ended January 3, 2015. History The company was founded in 1843 by Fredrick T. Stanley. It was incorporated in Connecticut in 1852. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in 2010.
stanley black & decker inc (SWF:Berlin)
1000 Stanley Drive
New Britain, CT 06053
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