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Stanley Works buying Black & Decker

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Forum topic by Jim Savage posted 1711 days ago 1174 views 0 times favorited 16 replies Add to Favorites Watch
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Jim Savage

23 posts in 1779 days


1711 days ago

This was announced after the stock market closed today. The press release covers all of the usual topics: two great companies, complementary businesses, lots of synergies.

Stanley will be the surviving name, and their CEO will be CEO of the combined company. Stanley shareholders will end up with 50.5% of the combined company, and BDK shareholders will have 49.5%. Board of Directors will have 9 from Stanley and 6 from Black & Decker.


16 replies so far

View papadan's profile

papadan

1107 posts in 1952 days


#1 posted 1711 days ago

Well Damn, hate to see Stanley lowering thier standards.

-- Carpenter assembles with hands, Designer builds with brains, Artist creates with heart!

View SnowyRiver's profile

SnowyRiver

51451 posts in 2064 days


#2 posted 1711 days ago

Very interesting. Thanks for sharing.

-- Wayne - Plymouth MN

View a1Jim's profile

a1Jim

111999 posts in 2161 days


#3 posted 1711 days ago

I only use Stanely’s old tools and I don’t use B&D at all so whatever works for them.

-- http://artisticwoodstudio.com Custom furniture

View cstrang's profile

cstrang

1769 posts in 1752 days


#4 posted 1711 days ago

I know that Delta, Porter Cable, etc… have all gone down hill since Black & Decker bought them in 2004 or 2005 (can’t remember exactly) I hope that Stanley doesn’t follow suit considering their merger with Black & Decker.

-- A hammer dangling from a wall will bang and sound like work when the wind blows the right way.

View RedShirt013's profile

RedShirt013

219 posts in 2245 days


#5 posted 1711 days ago

Seeing that Stanley stuff is all over my local Walmart’s tool section, I wasn’t expecting them to be that good in the long run. Just please don’t screw up Delta again, they seem to be releasing some good tools lately.

-- Ed

View ChunkyC's profile

ChunkyC

856 posts in 1838 days


#6 posted 1711 days ago

I only wish I would stop buying that darn B&D junk. I think I’ve finally learned my lesson after being burned way to many times to count.

Although Stanley isn’t anything to get all excited about, they are a better tool than B&D. Maybe Stanley can improve the B&D line. Forget that, it’s still junk

-- Chunk's Workshop pictures: http://spadfest.rcspads.com/thumbnails.php?album=135

View drfixit's profile

drfixit

318 posts in 1727 days


#7 posted 1710 days ago

Heres a link to our local news with a story on it http://www.news4jax.com/nationalnews/21501331/detail.html

-- I GIVE UP!!!! I've cut this @!&*!% board 3 times.... its still too short!

View WayneC's profile

WayneC

12237 posts in 2681 days


#8 posted 1710 days ago

And link to CNN

http://money.cnn.com/2009/11/02/news/companies/stanley_black_decker_merger/index.htm?postversion=2009110216

“lots of synergies” = layoffs.

-- We must guard our enthusiasm as we would our life - James Krenov

View Beginningwoodworker's profile

Beginningwoodworker

13337 posts in 2256 days


#9 posted 1710 days ago

Nope its not a good deal I dont like Stanley new stuff nor do I like B&D products they have always quit working.

-- CJIII Future cabinetmaker

View cabinetmaster's profile

cabinetmaster

10874 posts in 2142 days


#10 posted 1710 days ago

I thought the goverment had to approve these things that create a monopoly? Or are Monopolies a thing of the past?

-- Jerry--A man can never have enough tools or clamps

View tinnman65's profile

tinnman65

1097 posts in 1997 days


#11 posted 1710 days ago

It don’t matter who owns what, they all end up being made in China or the far east. Now someone opening a new tool manufacturing plant in the good old USA that would be news!!!

-- Paul--- Creativity is allowing yourself to make mistakes. Art is knowing which ones to keep. — Scott Adams

View Roper's profile

Roper

1346 posts in 2296 days


#12 posted 1710 days ago

two bad produces joining forces, this can only go down hill.stanley hasn’t made a good tool since wwII.

-- Roper - Master of sawdust- www.roperwoodturning.com

View woodsmithshop's profile

woodsmithshop

1096 posts in 2129 days


#13 posted 1710 days ago

these mergers and buyouts help no one but the CEO and boards, the service and products do not improve, and usually get worse, they cut jobs, so the workers lose out, it is just a game for the higher ups.

-- Smitty!!!

View Andrew's profile

Andrew

709 posts in 1782 days


#14 posted 1710 days ago

Chunky C, I agree, I get burned by the Menards “Tool Shop” Crap but at least it is wicked Cheap and I can afford it as disposable, this week I posed a question to my Trim Carpentar freind, If I have a Northern tool Hammer drill ($12) and a Tool Shop Drill ($10) Both Corded, and a 2” forstner bit, and want to dill 1.5” into green elm….. Which motor burns out first? He thought about it then replied who cares They aren’t Festool. Ha Ha Ha Ha. Anyway for the bigger stuff I have increased my budget and slowed acquisitions. Check out my Lathe reveiw titled “My new favorite toy”

-- Even a broken clock is right twice a day, unless, it moves at half speed like ....-As the Saw Turns

View ondablade's profile

ondablade

105 posts in 1782 days


#15 posted 1710 days ago

Same as you guys. Their stuff is almost all for DIYers buying solely on price, and not knowing any better when it proves to be crap. It’s such a pity really, because it must put so many off woodworking, and doing stuff for themselves..

ian

-- Late awakener....

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