Stanley Works buying Black & Decker

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Forum topic by Jim Savage posted 11-02-2009 11:51 PM 1339 views 0 times favorited 16 replies Add to Favorites Watch
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Jim Savage

26 posts in 2236 days

11-02-2009 11:51 PM

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


1157 posts in 2409 days

#1 posted 11-02-2009 11:57 PM

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


51451 posts in 2520 days

#2 posted 11-03-2009 12:34 AM

Very interesting. Thanks for sharing.

-- Wayne - Plymouth MN

View a1Jim's profile


113725 posts in 2617 days

#3 posted 11-03-2009 12:43 AM

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

-- Custom furniture

View cstrang's profile


1801 posts in 2208 days

#4 posted 11-03-2009 12:56 AM

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


219 posts in 2702 days

#5 posted 11-03-2009 01:13 AM

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


856 posts in 2294 days

#6 posted 11-03-2009 01:21 AM

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:

View drfixit's profile


318 posts in 2184 days

#7 posted 11-03-2009 02:04 AM

Heres a link to our local news with a story on it

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

View WayneC's profile


12635 posts in 3137 days

#8 posted 11-03-2009 02:07 AM

And link to CNN

“lots of synergies” = layoffs.

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

View Beginningwoodworker's profile


13347 posts in 2713 days

#9 posted 11-03-2009 02:17 AM

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

View cabinetmaster's profile


10874 posts in 2598 days

#10 posted 11-03-2009 02:18 AM

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


1238 posts in 2454 days

#11 posted 11-03-2009 02:24 AM

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


1367 posts in 2753 days

#12 posted 11-03-2009 02:31 AM

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

-- Roper - Master of sawdust-

View woodsmithshop's profile


1231 posts in 2586 days

#13 posted 11-03-2009 02:51 AM

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


709 posts in 2239 days

#14 posted 11-03-2009 03:01 AM

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


105 posts in 2239 days

#15 posted 11-03-2009 03:05 AM

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..


-- Late awakener....

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