Black+Decker

{{Short description|American manufacturer of power tools}}

{{use mdy dates|date=June 2021}}

{{use American English|date=June 2021}}

{{Infobox company

| name = Black+Decker

| logo = Black+Decker Logo.svg

| logo_caption = Logo since 2014

| logo_size = 200px

| image =

| type = Subsidiary

| founders = S. Duncan Black
Alonzo G. Decker

| key_people = Nolan D. Archibald (CEO)

| industry = Manufacturing

| products = {{hlist|Power tools|hardware|home improvement products|fastening technology}}

| revenue = $11.41 billion (FY2016)[https://web.archive.org/web/20100314132900/http://www.wikinvest.com/stock/Black_%26_Decker_(BDK)/Data Black & Decker annual income sheet via Wikinvest]

| net_income = $965.3 million (FY2016)

| num_employees = 27,000

| parent = Stanley Black & Decker

| foundation = {{start date and age|1910|9}} (as "The Black & Decker Manufacturing Company") in Baltimore, Maryland, U.S.

| location_city = 701 East Joppa Road{{cite web | url=https://www.stanleyblackanddecker.com/article/stanley-black-decker-opens-makerspace-towson | title=Stanley Black & Decker Opens Makerspace in Towson | date=April 16, 2018 }}
Towson, Maryland

| location_country = U.S.

| homepage = {{url|blackanddecker.com}}

}}

File:Black&Decker Drilling machine.JPG]]

Black+Decker 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. In March 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker.{{cite news |newspaper=The New York Times

|url=https://www.nytimes.com/2009/11/03/business/03deal.html

|title=Stanley and Black & Decker in a Merger Deal: Toolmaker Deal Ends a 28-Year Courtship

|author1=Michael J. de la Merced |author2=Zachery Kouwe |date=November 2, 2009}}{{Cite press release

|publisher=Stanley Black & Decker

|title=Stanley and Black & Decker Complete Merger

|url=http://www.stanleyblackanddecker.com/news/stanley-and-black-decker-complete-merger

|date=March 12, 2010 |access-date=March 19, 2010

|url-status=dead

|archive-url=https://web.archive.org/web/20100415063316/http://www.stanleyblackanddecker.com/news/stanley-and-black-decker-complete-merger |archive-date=2010-04-15}} It remains a wholly owned subsidiary of that company.

History

=1910–1974=

  • 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.{{Cite news

| last = Somerville

| first = Sean

| title = 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

| work = The Baltimore Sun

| access-date = 2014-01-22

| date = 1997-01-05

| url = https://www.baltimoresun.com/news/bs-xpm-1997-01-05-1997005004-story.html

}}

  • 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.{{cite web|url=http://www.blackanddecker100years.com/Timeline/|title=Black & Decker 100-year anniversary site|website=blackanddecker100years.com|access-date=13 April 2018|archive-url=https://web.archive.org/web/20180206174620/http://www.blackanddecker100years.com/Timeline/|archive-date=2018-02-06|url-status=dead}}
  • 1917 – Black & Decker invented and patented the hand-held electric drill with a pistol grip and trigger switch.{{Cite patent|title=Electrically-driven tool.|gdate=1914-12-04|url=https://patents.google.com/patent/US1245860A/en}}
  • –– 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 the 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.{{Cite patent|title=Design for a portable power driven tool unit|gdate=1940-09-28|url=https://patents.google.com/patent/USD129046S/}}
  • 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.

=1975–2008=

  • 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 the Emhart Corporation{{cite web|url=http://archives.lib.uconn.edu/islandora/object/20002:860139936|title=Emhart Corporation Records|website=archives.lib.uconn.edu|access-date=October 29, 2018|archive-date=July 28, 2019|archive-url=https://web.archive.org/web/20190728222347/https://archives.lib.uconn.edu/islandora/object/20002:860139936|url-status=dead}} 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.{{Cite web| last = Murray| first = Shanon D.| title = Black & Decker selling division Windmere buying household products unit for $315 million| work = baltimoresun.com| date = May 12, 1998| access-date = 2020-09-07| url = https://www.baltimoresun.com/news/bs-xpm-1998-05-12-1998132002-story.html}} In May 2000, Windmere Durable Holdings changes its corporate name to Applica Inc.{{cite web|url=https://www.sun-sentinel.com/news/fl-xpm-2000-05-10-0005090531-story.html|title=It's Gone with the Windmere|first=David|last=Altaner|work=South Florida Sun-Sentinel|date=May 10, 2000|access-date=January 5, 2023}}
  • 2000 – Alonzo G. Decker Jr. resigns from the board, at age 92, two years before his death.{{Cite news

| last = Kelly

| first = Jaques

|author2=Frederick N Rasmussen

| title = Alonzo G. Decker Jr., 94; Engineer, Power Tool Innovator

| work = Los Angeles Times

| access-date = 2014-01-22

| date = 2002-03-23

| url = https://www.latimes.com/archives/la-xpm-2002-mar-23-me-decker23-story.html

}}

=2009–present=

  • 2010 – Black & Decker merges with Stanley Works to become Stanley Black & Decker.{{cite web|title=Stanley And Black & Decker Complete Merger|url=http://www.thestreet.com/story/10702043/stanley-and-black-amp-decker-complete-merger.html|publisher=The Street|url-status=dead|archive-url=https://web.archive.org/web/20120320232007/http://www.thestreet.com/story/10702043/stanley-and-black-amp-decker-complete-merger.html|archive-date=2012-03-20}}
  • 2012 – Stanley Black & Decker sells its Hardware and Home Improvement group (HHI) to Spectrum Brands. Sale includes the lock business, as well as the related manufacturing subsidirary in Taiwan (Tong Lung).{{Cite web |date=2012-12-17 |title=Spectrum Brands Holdings Completes Acquisition of Stanley Black & Decker's Hardware & Home Improvement Group |url=https://investor.spectrumbrands.com/news-releases/news-release-details/spectrum-brands-holdings-completes-acquisition-stanley-black |access-date=2023-01-04 |website=Spectrum Brands}} {{As of|2023|January}}, Spectrum was in negotiations to sell its HHI assets to Swedish lock manufacturer Assa Abloy, but were making adjustments in response to the United States Department of Justice findings of antitrust issues.{{Cite web |title=Spectrum Brands: HHI Likely To Close, Shares Have 65% Upside (NYSE:SPB) {{!}} Seeking Alpha |url=https://seekingalpha.com/article/4562010-spectrum-brands-hhi-likely-to-close-shares-have-65-percent-upside |access-date=2023-01-04 |website=seekingalpha.com |date=December 2, 2022 |language=en}}
  • 2014 – Rebranded from Black & Decker to Black+Decker{{cite web |url=https://www.designweek.co.uk/issues/january-2014/black-decker-becomes-black-decker/ |title=Black & Decker becomes Black+Decker |date=January 14, 2014 |access-date= July 28, 2020}}
  • 2017 – Stanley Black & Decker purchases Craftsman from Sears (Sears, Roebuck & Company).{{Cite news|url=https://finance.yahoo.com/news/sears-sells-iconic-craftsman-brand-131700764.html|title=Sears sells iconic Craftsman brand for $900 million|access-date=2017-01-05}}
  • 2017 – Stovekraft entered a licensing agreement with Black+Decker to sell the latter's products in the Indian market.{{Cite news|last=Bhushan|first=Ratna|title=Black & Decker inks licensing deal with Stovekraft|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/cons-products/durables/black-decker-inks-licensing-deal-with-stovekraft/articleshow/61967255.cms|access-date=2020-10-25}}{{Cite news|last=Mukherjee|first=Writankar|title=Stovekraft expand into premium small appliances with Black + Decker|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/cons-products/durables/stovekraft-expand-into-premium-small-appliances-with-black-decker/articleshow/66365920.cms|access-date=2020-10-25}}
  • 2025 - Indkal Technologies Pvt. Ltd. manufacturers and sells Black+Decker branded smart televisions in India.{{Cite news|title=Black+Decker enters Indian smart TV market with 4K Google TV: All the details|work=Moneycontrol|url=https://www.moneycontrol.com/technology/black-decker-enters-indian-smart-tv-market-with-4k-google-tv-all-the-details-article-12913810.html|access-date=2025-01-26}}

Brand portfolio

=Recent=

As of 2017, Stanley Black & Decker's brand portfolio included:{{cite web|url=https://www.stanleyblackanddecker.com/our-businesses/our-brands|title=Our Brands|date=15 March 2017|website=stanleyblackanddecker.com|access-date=13 April 2018}}

  • STANLEY (formerly known as The Stanley Works; started in 1843 as Stanley's Bolt Manufactory by Frederick Trent Stanley, and merged in 1920 with the Stanley Rule and Level Company founded by Henry Stanley in 1857)

{{columns-list|colwidth=21em|

}}

=Former=

|title=Weiser Lock - Keyless Entry - Door Hardware - Smart Locks

|website=ca.weiserlock.com}} (sold to Spectrum Brands)

References

{{Reflist|40em}}

Further reading

  • {{usurped|1=[https://web.archive.org/web/20080119162510/http://www.competition-commission.org.uk/rep_pub/reports/1989/258black_decker.htm Black & Decker]}}, 1989 Competition Commission report