Black & Decker
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| Type | Public (NYSE: BDK) |
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| Founded | 1910 |
| Founder(s) | S. Duncan Black Alonzo G. Decker |
| Headquarters | Towson, Maryland, U.S. |
| Key people | Nolan D. Archibald ceo |
| Industry | Power tools, home improvement products, hardware, fastening technology |
| Products | Baldwin Black & Decker Delta Machinery DeWalt Emhart Teknologies Kwikset Oldham Blades Porter Cable Price Pfister Weiser Lock |
| Revenue | US$ 6.09 billion (FY 2008)[1] |
| Net income | US$ 293.6 million (FY 2008)[1] |
| Employees | 27,000 |
| Website | Corporate Website Consumer Website |
Black & Decker Corporation (NYSE: BDK) is a corporation based in Towson, Maryland, United States, that designs and imports power tools and accessories, hardware and home improvement products, and technology based fastening systems.
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[edit] Brands
Black & Decker (the corporation) is distinct from "Black & Decker" the brand; the latter is used by more than one corporation. In particular, "Black & Decker"-branded household products in the Americas (but outside of Brazil) are marketed by a division of Applica, a Florida-based corporation much smaller than Black & Decker Corporation.
Brands include:
- DeWalt power tools
- Porter Cable
- Delta Machinery
- Kwikset
- Baldwin
- Weiser Lock
- Price Pfister
- Emhart Teknologies
- Oldham Blades
- Black and Decker Firestorm
[edit] Company timeline
Black & Decker Corporation was founded in 1910 by S. Duncan Black and Alonzo G. Decker as a small machine shop in Baltimore, Maryland. 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. [2]
- 1917 - Received a patent for the pistol grip and trigger switch on its drill. The first factory was opened in Towson, MD.
- 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 WWII citations awarded to the company.
- 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.
[edit] References
- ^ a b Black & Decker annual income sheet via Wikinvest
- ^ US1,245,860 (1917-11-06) S. D. Black & A. G. Decker, Electrically driven tool.
[edit] Further reading
- Black & Decker, 1989 Competition Commission report
[edit] External links
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