Black & Decker
|Industry||Power tools, home improvement products, hardware, fastening technology|
|Founder||S. Duncan Black
Alonzo G. Decker
|Nolan D. Archibald ceo|
|Revenue||$6.09 billion (FY2008)|
|$293.6 million (FY2008)|
Number of employees
|Parent||Stanley Black & Decker|
Black & Decker Corporation is an American manufacturer of power tools and accessories, hardware and home improvement products, and technology based fastening systems. On March 12, 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker. It remains as a wholly owned subsidiary of that company, but maintains its own headquarters in Towson, Maryland, a suburb of Baltimore.
Black & Decker (the corporation) is distinct from "Black & Decker" the brand; more than one corporation uses the brand. In particular, "Black & Decker" branded household products in the Americas (but outside of Brazil) are marketed by a division of Spectrum Brands, a consumer products corporation based in Madison, Wisconsin. In December 2012, Spectrum Brands also purchased Black & Decker's hardware and home improvement division. Brands include:
- Delta Machinery (sold)
- DeVilbiss Air Power (sold)
- Kwikset (sold)
- Baldwin (sold)
- Weiser Lock (sold)
- Price Pfister (sold)
- Emhart Teknologies
- Oldham Blades
- Black and Decker Firestorm
Black & Decker Corporation was founded in 1910 by S. Duncan Black and Alonzo G. Decker as a small machine shop in Baltimore. Decker, who had a seventh grade education, had met Black in 1906, when they were both 23 year-old workers at Rowland Telegraph Co.
In 1917, Black & Decker invented the familiar portable electric drill, obtaining a patent for a hand-held drill combining a pistol grip and trigger switch. Its logo, a hexagon, has been used in one form or another since 1912; it represents a hexagonal nut, a universal fastener.
- 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.
- 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.
- 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, which includes the brand names Kwikset, Price Pfister faucets, Molly wall anchors, POP rivets, True Temper golf club shafts 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.
- 2000 – Alonzo G. Decker, Jr. resigns from the board.
- 2010 – Black & Decker merges with Stanley Works to become Stanley Black & Decker.
- Black & Decker annual income sheet via Wikinvest
- "Stanley and Black & Decker Complete Merger" (Press release). Stanley Black & Decker. 2010-03-12. Retrieved 2010-03-19.
- Somerville, Sean (1997-01-05). "Alonzo G. Decker: He's still a company man Founder's son: Alonzo G. Decker Jr., son of one of the founders of Black & Decker, helped spark the do-it-yourself movement. As he approaches his 89th birthday, he maintains his connection to the family business". The Baltimore Sun. Retrieved 2014-01-22.
- US patent 1,245,860, S. D. Black & A. G. Decker, "Electrically driven tool", issued 1917-11-06
- Black & Decker 100-year anniversary site
- Kelly, Jaques; Frederick N Rasmussen (2002-03-23). "Alonzo G. Decker Jr., 94; Engineer, Power Tool Innovator". Los Angeles Times. Retrieved 2014-01-22.
- "Stanley And Black & Decker Complete Merger". The Street.
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