Category Archives: Stanley Black & Decker

Stanley Black & Decker Buys Craftsman Tools

Stanley Craftsman Tool

It looks like the shopping spree continues for Stanley Black &Decker, after dropping $2 billion on Lenox & Irwin and before the ink is even dry they are dropping another $900 Million on Sear’s Craftsman Tool brand. Sears has continue to struggle so selling off the Craftsman brand frees up some much needed capital, in addition to closing some stores and streamlining their business hopefully they will again become a successful retailer. (more…)

At 12:02 PM | Posted in DeWalt Tools, Stanley Black & Decker | Leave a comment

Stanley Buy Newell’s Irwin & Lenox for $1.95 Billion

Stanley Aquires Lenox Irwin

The giant conglomerate that is Newell manages a ton of different brands which include Irwin, Lenox and Hilmor under their tool division but also Graco Car Seats and Yankee Candles and many many more. We are guessing it is hard to effectively cover so much ground and at nearly $2 billion this is not chump change. Stanley, Black & Decker obviously does well in the tool space so this is a smart acquisition for them picking up a good portion of saw blade market with Lenox and a good chunk of the hand tool market with Irwin. Investor reports are saying cost savings (combining management and manufacturing) could be up to $90 million in the next 3 years. (more…)

At 1:41 PM | Posted in DeWalt Tools, Irwin, Lenox Tools, Stanley Black & Decker | 1 Comment

Stanley Launches Two Great Solutions in a Pinch – Simple Start & Satellite

Epic Friday Contest

These two new Stanley products will be launching this week, and are also featured as this week’s Coptool Epic Friday Facebook Contest. Both the Simple Start ($80) and the Satellite ($40) are great options for emergency situations for light and battery backup. The Simple Start main function is to jump start up your car (even a V8) if the battery dies but since it is so compact and portable and features a 2 Amp USB it might actually get more day to day use as a backup for phones and tablets. It does also have a built in LED.

The Satellite LED light on the other hand is a task light with 300 lumens designed to spread over an area or a focused beam, magnetic base allows it to fixed overhead and it also includes a USB port (1 Amp) for charging of the cell phone. Both utilize internal rechargeable lithium-ion batteries which should provide years of usability. See the full Stanley press releases below for more on these new products. (more…)

At 9:50 AM | Posted in Cordless Tools, Stanley Black & Decker | 2 Comments

Milwaukee, Dewalt, and Stanley Reach Out to Help Build America

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Milwaukee, Dewalt, and Stanley tools have decided to donate over $10,000 in tools to the Build America organization, which is a non-profit that makes improvements to public spaces such as parks.

According to A Concord Carpenter, the “Build America” program is a team of 21 recent, college graduates who travel the country, for 6-weeks, visiting camps and parks rebuilding and building accessible recreation for people with disabilities. During these six weeks, the team, will build accessible fishing piers, nature trails, climbing walls, wheel chair ramps and many other amenities providing opportunities for campers to experience everything summer camp has to offer.

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Throughout the summer, the team will log over 4,000 man hours, save camps and communities thousands of dollars in labor and materials and positively impact the lives of thousands of people with disabilities.

Our friend Rob Robillard of A Concord Carpenter is also involved with Build America. You can read his take here.

At 5:04 PM | Posted in Charitable Efforts, DeWalt Tools, Milwaukee, Off Topic, Stanley Black & Decker | Leave a comment

Matrix Quick Connect System Tools from Black and Decker

 

It certainly does not seem like multi-headed tool systems are going away anytime soon with several major consumer tool brands adopting them. The Black and Decker will be the first we know of that makes it available to multiple power sources of 12V, 20V and AC. Getting into these kits with the basic drill/driver is very cheap with $39 for AC, $49 for 12V and $69 for 18V kits. For customers looking to add functionality of a router, impact, sander, saw or multitool, at only $29-39 an attachment add-on, this system will be very attractive in the checkout line of the box store.

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At 4:52 PM | Posted in Stanley Black & Decker | 2 Comments

Stanley Black & Decker to Acquire Powers Fasteners?

 

Being on the inside of the tool business we can tell you there is one common enemy most power tool brands share, Hilti. This is because Hilti has done 3 unique things that really separated them from the competition of Bosch, Dewalt, Milwaukee, Makita, etc. Those 3 things are going direct, selling the “complete solution” and locking in customers with leases which are very hard to leave. In the 2000’s Hilti was on fire but with the downturn then relatively flat economy, the going direct option has become a somewhat shaky proposition. The practice of locking customers in with leases that can cost 2-3+ times the price of the competitor’s tools has absolutely backfired in many cases.

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At 4:04 PM | Posted in DeWalt Tools, Powers Fasteners, Stanley Black & Decker | 1 Comment

Return of the Utility Knife… The Final Showdown

 

Well several months back we took a modest selection of 5 utility knives and compared a few common features in the original Utility Knife Showdown. However just after that launch Irwin launched several new knives that brought some interesting new features to the table as well as some very trade specific knives so we did the follow up Showdown 2 – Irwin Strikes Back. Not wanting to be left out of the party the Stanley Group sent over 3 additional knives from Stanley, DeWalt & Bostitch. At this point we feel it is safe to say we can do a pretty robust comparison with a good majority of the utility knives you will find in the market, in all we narrowed it down to 8 finalists with a good mix of unique features.

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At 9:01 AM | Posted in Bostitch, CH Hanson, DeWalt Tools, Hand Tools, Irwin, Milwaukee, Stanley Black & Decker | 5 Comments

Stanley Black & Decker Sells Popular Woodworking Brand Delta

 

A few weeks back it was it was announced that Stanley Black & Decker would sell off the popular woodworking brand Delta to the Taiwanese company Chang Type Industries. Ltd. (TOTY). As huge multinational companies who own all our long time favorite tool brands pass them around like cards in a game of poker what does this mean for brand dependability? How does it play out for Stanley as a company with all its other brands and what about the new Delta Power Equipment Corp moving forward?

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At 8:40 AM | Posted in Delta, DeWalt Tools, Porter Cable, Stanley Black & Decker | Leave a comment