Black & Decker

Black & Decker Corporation

Type	Subsidiary of Stanley Black & Decker
Industry	Power tools, home improvement products, hardware, fastening technology
Founded	1910
Founder(s)	S. Duncan Black Alonzo G. Decker
Headquarters	Towson, Maryland, U.S.
Key people	Nolan D. Archibald ceo
Products	Power tools
Revenue	US$ 6.09 billion (FY 2008)[1]
Net income	US$ 293.6 million (FY 2008)[1]
Employees	27,000
Parent	Stanley Black & Decker
Website	Consumer Website

Black & Decker Corporation 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. On March 12, 2010, Black & Decker merged with Stanley Works to become Stanley Black & Decker^[2], and is now a wholly owned subsidiary of that company.

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, and a Florida-based corporation much smaller than Black & Decker Corporation. None of Black & Decker's power tools are manufactured in the United States of America any longer.

Brands include:

• DeWalt
• Porter-Cable
• Delta Machinery (sold)
• DeVilbiss Air Power
• Kwikset
• Baldwin
• Weiser Lock
• Price Pfister
• Emhart Teknologies
• Oldham Blades
• Black and Decker Firestorm
• Vector
• DustBuster

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.^[3]

• 1917 – Received a patent for the pistol grip and trigger switch on its drill. The first factory was opened in Towson, Maryland.
• 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 World War II citations awarded to the company.
• 1949 – First Black & Decker U.S. trademark awarded four years after filing in 1945.
• 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.
• 2010 – Black & Decker merges with Stanley Works to become Stanley Black & Decker.^[4]

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. http://www.stanleyblackanddecker.com/news/stanley-and-black-decker-complete-merger. Retrieved 2010-03-19. 
3. ^ US patent 1,245,860, S. D. Black & A. G. Decker, "Electrically driven tool", issued 1917-11-06 
4. ^ "Stanley And Black & Decker Complete Merger". The Street. http://www.thestreet.com/story/10702043/stanley-and-black-amp-decker-complete-merger.html. 

Further reading

• Black & Decker, 1989 Competition Commission report

External links

Companies portal

Official website