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Black+Decker

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Black+Decker
Company typeSubsidiary
IndustryPower tools, home improvement products, hardware, fastening technology
FoundedSeptember 1910; 114 years ago (1910-09) (as "The Black & Decker Manufacturing Company") in Baltimore, Maryland, (U.S.A.)
FounderS. Duncan Black (1883-1951)
Alonzo G. Decker (1884-1956)
Headquarters
Towson, Maryland
,
U.S.
Key people
Nolan D. Archibald ceo
ProductsPower tools
Revenue$11.41 billion (FY2016)[1]
$965.3 million (FY2016)[1]
Number of employees
27,000
ParentStanley Black & Decker
WebsiteConsumer website
A Black and Decker cordless drill

Black+Decker Inc. is an American manufacturer of power tools, accessories, hardware, home improvement products, home appliances and fastening systems headquartered in Towson, Maryland, north of Baltimore, where the company was originally established in 1910. On March 12, 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker.[2] It remains as a wholly owned subsidiary of that company.

History

1920 ad for the drills
  • 1910 – "The Black & Decker Manufacturing Company" was founded by S. Duncan Black (1883–1951) and Alonzo G. Decker (1884–1956), as a small machine shop in Baltimore in September. Decker, who had only a seventh grade education, had met Black in 1906, when they were both 23-year-old workers at the Rowland Telegraph Company. With only $1,200 between them, one of their first jobs was designing machinery for making milk bottle caps and candy dipping.[3]
  • 1912 – The Black and Decker "Hexagon" logo symbol was introduced, symbolizing the head of a hexagonal bolt found in machine shops. It was used in one form or another from 1912 to 2014.[4]
  • 1917 – Black & Decker invented and patented the hand-held electric drill with a pistol grip and trigger switch.[5]
  • –– For many decades the director of design was Glenn Calvin Wilhide, a friend of Walter Gropius and other industrial designers of the day. Wilhide filed many US patents for Black & Decker.
  • 1917 – The first factory was opened in Towson, Maryland.
  • 1919 – Company reaches $1,000,000 in sales.
  • 1928 – Acquired Van Dorn Electric Tool Company of Cleveland, Ohio.
  • 1936 – Common stock begins trading on the New York Stock Exchange.
  • 1941 August – Wilhide's patent for a portable power driven tool unit granted.[6]
  • 1943 – Received the Army-Navy "E" Award for production, one of four World War II (1939/1941-1945) citations awarded to the company.
  • 1949 – First Black & Decker U.S. trademark awarded.
  • 1951 – Alonzo G. Decker, Sr. becomes president
  • 1960 – Acquired DeWalt from American Machine and Foundry.
  • 1975 – Francis P. Lucier succeeded son of one of the founders Alonzo G. Decker, Jr.(1908-2002), 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[7] which includes the brand names Kwikset, Price Pfister faucets, Molly wall anchors, POP rivets, True Temper (both hardware and sports equipment) 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.
  • 1990 – True Temper hardware is sold to Huffy, and then sold to US Industries (owner of Ames) which later became Ames True Temper, which is now owned by Griffon Corporation.
  • 1996 – Sold small-appliance business to Windmere Durable Holdings.[8]
  • 2000 – Alonzo G. Decker, Jr. resigns from the board, at age 92, two years before his death.[9]
  • 2010 – Black & Decker merges with Stanley Works to become Stanley Black & Decker.[10]
  • 2014 – Rebranded from Black & Decker to Black+Decker[11]
  • 2017 – Stanley Black & Decker purchases Craftsman from Sears (Sears, Roebuck & Company).[12]
  • 2017 – Stovekraft entered a licensing agreement with Black+Decker to sell the latter's products in the Indian market.[13][14]


As of 2017 Q4, Stanley Black & Decker's brand portfolio included:[15]

  • STANLEY (formerly known as The Stanley Works, started as Stanley's Bolt Manufactory, founded by Frederick Trent Stanley in 1843, and merging with the Stanley Rule and Level Company founded by Henry Stanley)
  • Black+Decker
  • Aero Scout
  • Bostitch
  • Craftsman
  • DeWalt
  • Facom, Mac Tools, Proto
  • Inner Space
  • Irwin
  • Lenox
  • Piranha
  • Porter-Cable
  • Sonitrol
  • STANLEY Access Technologies
  • STANLEY Engineered Fastening
  • STANLEY Healthcare
  • STANLEY Infrastructure
  • STANLEY Security
  • Vidmar

Former brands and subsidiaries

References

  1. ^ a b Black & Decker annual income sheet via Wikinvest
  2. ^ "Stanley and Black & Decker Complete Merger" (Press release). Stanley Black & Decker. 2010-03-12. Archived from the original on 2010-04-15. Retrieved 2010-03-19.
  3. ^ 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.
  4. ^ "Black & Decker 100-year anniversary site". blackanddecker100years.com. Archived from the original on 2018-02-06. Retrieved 13 April 2018.
  5. ^ [1], "Electrically-driven tool.", issued 1914-12-04 
  6. ^ [2], "Design for a portable power driven tool unit", issued 1940-09-28 
  7. ^ "Emhart Corporation Records". archives.lib.uconn.edu.
  8. ^ Murray, Shanon D. "Black & Decker selling division Windmere buying household products unit for $315 million". baltimoresun.com. Retrieved 2020-09-07.
  9. ^ Kelly, Jaques; Frederick N Rasmussen (2002-03-23). "Alonzo G. Decker Jr., 94; Engineer, Power Tool Innovator". Los Angeles Times. Retrieved 2014-01-22.
  10. ^ "Stanley And Black & Decker Complete Merger". The Street. Archived from the original on 2012-03-20.
  11. ^ "Black & Decker becomes Black+Decker". January 14, 2014. Retrieved July 28, 2020.
  12. ^ "Sears sells iconic Craftsman brand for $900 million". Retrieved 2017-01-05.
  13. ^ Bhushan, Ratna. "Black & Decker inks licensing deal with Stovekraft". The Economic Times. Retrieved 2020-10-25.
  14. ^ Mukherjee, Writankar. "Stovekraft expand into premium small appliances with Black + Decker". The Economic Times. Retrieved 2020-10-25.
  15. ^ "Our Brands". stanleyblackanddecker.com. 15 March 2017. Retrieved 13 April 2018.
  16. ^ "Weiser Lock - Keyless Entry - Door Hardware - Smart Locks". ca.weiserlock.com.

Further reading

Wikimedia Commons has media related to Black & Decker.
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