Black & Decker

Black & Decker Corporation
Subsidiary
Industry Power tools, home improvement products, hardware, fastening technology
Founded September 1910 (1910-09) (as The Black & Decker Manufacturing Company) in Baltimore, Maryland, U.S.
Founder S. Duncan Black
Alonzo G. Decker
Headquarters Towson, Maryland, U.S.
Key people
 Nolan D. Archibald ceo
Products Power tools
Revenue $11.41 billion (FY2016)[1]
$965.3 million (FY2016)[1]
Number of employees
 27,000
Parent Stanley Black & Decker
Website Consumer website
A Black and Decker cordless drill

Black & Decker Corporation was the name of an American manufacturer of power tools, accessories, hardware, home improvement products and technology based fastening systems headquartered in Towson, Maryland. 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 – Black & Decker Corporation was founded by S. Duncan Black and Alonzo G. Decker as a small machine shop in Baltimore. Decker, who had a seventh grade education met Black in 1906, when they were both 23-year-old workers at Rowland Telegraph Co.[3]
  • 1917 – Black & Decker invented the familiar portable electric drill, obtaining a patent for a hand-held drill combining a pistol grip and trigger switch.[4] Its logo, a hexagon, was used in one form or another from 1912 to 2014; it represents a hexagonal nut, a universal fastener.[5]
  • –– For many decades the director of design was Glenn Calvin Wilhide, a friend of Walter Gropius and other leading industrial designers of the day. Wilhide filed many US patents for Black & Decker.
  • 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.
  • 1941 August – The patent (filed by Wilhide) was granted for a portable power driven tool unit USD129046 S, which is the famous drill known today.
  • 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.
  • 1960 – Acquired DeWalt from American Machine and Foundry.
  • 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[6] 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, then sold to US Industries (owner of Ames) which later became Ames True Temper, which is now owned by Griffon Corporation.
  • 2000 – Alonzo G. Decker, Jr. resigns from the board.[7]
  • 2010 – Black & Decker merges with Stanley Works to become Stanley Black & Decker.[8]
  • 2017 - Stanley Black & Decker purchases Craftsman from Sears.[9]

As of 2017Q4, the following list represents SWK's (STANLEY Black & Decker) brand portfolio:[10]

  • 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

Former brands and subsidiaries

References

  1. 1 2 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. ↑ US patent 1,245,860, S. D. Black & A. G. Decker, "Electrically driven tool", issued 1917-11-06
  5. ↑ "Black & Decker 100-year anniversary site". blackanddecker100years.com. Retrieved 13 April 2018.
  6. ↑ Online records of the Emhart Corporation on the Uconn website
  7. ↑ Kelly, Jaques; Frederick N Rasmussen (2002-03-23). "Alonzo G. Decker Jr., 94; Engineer, Power Tool Innovator". Los Angeles Times. Retrieved 2014-01-22.
  8. ↑ "Stanley And Black & Decker Complete Merger". The Street. Archived from the original on 2012-03-20.
  9. ↑ "Sears sells iconic Craftsman brand for $900 million". Retrieved 2017-01-05.
  10. ↑ "Our Brands". stanleyblackanddecker.com. 15 March 2017. Retrieved 13 April 2018.
  11. ↑ The Weiser website

Further reading

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