- Stanley Works
Infobox Company
company_name = The Stanley Works
company_
company_type =Public (nyse|SWK)
foundation =1843 cite web |url = http://www.stanleyworks.com/a_history.asp |title = Company History |author = Stanley Works | accessdate= 2008-01-09 |language = English]
founder =Frederick Trent Stanley
location_city = flagicon|USA New Britain,Connecticut
location_country =
key_people = John F. LundgrenChairman andCEO James M. LoreeEVP andCFO
industry =Hardware
products =Tool s
revenue = US $4.48 billion (2007 )cite web |url = http://finance.google.com/finance?q=NYSE:SWK |title = The Stanley Works |author = Google Finance | accessdate= 2008-01-09 |language = English]
num_employees = 17,600
parent =
homepage = [http://www.stanleyworks.com/ Stanley Works]The Stanley Works (nyse|SWK) (known casually as simply Stanley) is a manufacturer of
tool s andhardware headquartered inNew Britain, Connecticut .History
The company was created by the 1920 merger of Stanley's Bolt Manufactory, founded by
Frederick Trent Stanley in1843 , and The Stanley Rule and Level Company, founded by Frederick's cousin, Henry Stanley, in 1857.In May 2002, the company considered moving its corporate headquarters to Bermuda, but public and governmental outcry forced management to reconsider the move. By August 2002, the company had decided to maintain its incorporation in the
United States .John F. Lundgren was elected as Chairman & Chief Executive Officer in 2004, replacing
John Trani , a former protegé ofJack Welch atGeneral Electric .Acquisitions
In 1937 Stanley Works enters the UK market via the acquisition of
J.A Chapman inSheffield .cite web |url = http://www.infomat.net/infomat/rd741/rd1/database/stanley_works/ |title = Time Line - The History of Stanley Works |author = Resource Directory | accessdate= 2008-08-21 |language = English]In the 1980s Stanley Works acquires
MAC Tools .cite web |url = http://www.superbrands.uk.com/programmes/issues/9/sb09_stanley.pdf |title = Stanley brand |author = Superbrands | accessdate= 2008-08-21 |language = English]In 1984 Stanley Works purchased
Proto fromIngersoll Rand and it becomesStanley Proto .cite web |url = http://www.stanleyproto.com/xhtml/interactive_100anniversary/index.html |title = Proto Tools 100th Anniversary Timeline |author = Stanley Proto | accessdate= 2008-08-21 |language = English]In 1986 Stanley Works acquired
Bostitch fromTextron .cite web |url = http://bostitch.co.uk/about-us/our-history/ |title = Stanley Bostitch - Our History |author = Stanley Bostitch | accessdate= 2008-08-21 |language = English]In the 1990s Stanley Works acquires
Goldblatt andZAG Industries .Stanley Works purchased the Chatsworth-based Monarch Mirror Door Co. Inc., a 1,000-employee manufacturer of sliding and folding mirror-doors in 1992, formerly owned by Oscar Kain, of Los Angeles (now deceased). Terms of the sale were not disclosed.
In 2000 Stanley Works acquires
Blick andCST Berger .In October 2002, Stanley Works acquired
Best Access Systems ofIndianapolis, Indiana for $310 million. The acquisition also prompted the creation of a new Access Controls Group for Stanley. Further additions to this new working group includedBlick plc ofSwindon, England , aUnited Kingdom leading integrator of security solutions, communication, and time management solutions to the commercial and industrial sectors, selling direct to end users. In January 2004, Stanley announced plans to acquireFrisco Bay Industries Ltd. for $45.3 million, a Canadian provider of security integration services. In December2004 , the acquisition of ISR Solutions, Inc., headquartered inWashington, DC was announced. ISR Solutions is an electronic security integrator providing the U.S. federal government and commercial customers with access security system services.January 2005, the acquisition of
Security Group, Inc. was announced.Security Group was composed of two primary operating companies:Sargent & Greenleaf, Inc. , a manufacturer of medium and high security locks andSafemasters , a North American provider of physical security installation, maintenance and repair services, with an emphasis on mechanical locking systems. An additional acquisition of Precision Hardware was made in 2005.In 2006 Stanley furthered its corporate assets in the security market by acquiring
HSM Electronic Protection Systems after it had been spun off fromHoneywell in compliance with pre-emptive SEC antitrust rulings. In the meantime, the Company was able to strike facilities security contracts as the primary contractor to secure 3NASA spaceflight centers. [The Stanley Works, Annual Report, 2006]In 2006 Stanley Works acquires
Facom .In late 2007, Stanley acquired
OSI Security of Chula Vista, CA .OSI Security is a provider of battery operated wireless lock technology and supplies to government, education, and healthcare industries.In June, 2008, Stanley announced the acquisition of Sonitrol. Sonitrol provides high end security systems that use audio listening devices as the primary means of intrusion detection. Since the 1960s, they have accumulated over 100,000 commercial accounts in over 150 cities, and have an impressive record of helping police departments apprehend criminals. There is a combination of corporate owned locations and franchise locations. As of 2008, many of the Stanley Security Services divisions are being integrated under the unified HSM brand.
Products
Stanley is a well-known brand of tools and has produced millions of hand planes,
saw s,ruler s,try square s,chisel s,screwdriver s, and many other types of tools for consumer and for industrial use. Their innovations include the Bailey plane, theSurform shaper , the PowerLocktape measure , and theutility knife or inBritish English , the Stanley knife. Stanley is also a supplier ofPoziDriv (improved Phillips lookalike) screwdrivers. Stanley sells industrial and commercial fasteners, air tools, and air compressors under the Bostitch brand.The Stanley brand name has been widely-licensed to include shoes, clothing and Lawn & Garden Tractors.
Stanley Works received the Golden Hammer Award for new product innovation in 2000, 2001 and 2002 .
Divisions
*Best Access Systems (door hardware and locks)
*Bostitch
*Craftsman Hand Tools (up to the mid 1980s)
*CST/berger (surveying)
*EVS (Canada)
*Facom
*Frisco Bay Industries Ltd. (Canada)
*Frisco-ATMS (Canada)
*HSM (security services)
*Integrator (security electronics)
*Intivid Solutions (video electronics)
*Mac Tools
*National (general hardware)
*Proto
*Safemasters (security products)
*Sargent & Greenleaf, Inc. (security products)
*Vidmar (Industrial storage)References
Further reading
* John Walter - "Antique & Collectible Stanley Tools: Guide to Identity & Value" (The Tool Merchant, Ohio, 1996) ISBN 1-878911-02-3
External links
* [http://www.stanleyworks.com/a_history.asp History of the Stanley Works]
* [http://stanleytools.com/default.asp?TYPE=STATICLEFT&PAGE=history.htm&LEFT=left_history.htm Another history of the Stanley Works]
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