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David Stanley Ford

Stanley Works agrees to buy Black & Decker

The Associated Press    Comments Comment on this article5
Published: November 2, 2009

NEW YORK (AP) — Stanley Works says it will buy Black & Decker Corp. for $4.5 billion, bringing together two major players in the toolmaking business.

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Stanley shareholders will own about 50.5 percent of the combined company, to be named Stanley Black & Decker, and Black & Decker shareholders will own about 49.5%.

John F. Lundgren, chairman and CEO of Stanley, will be president and CEO of the combined company.

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David Stanley Ford


Related Topics: Mergers and Acquisitions, Business, Company Activities and Information


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Joe, Yukon - Nov 2, 2009 at 9:12 pm
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I own a 1994 model B&D electric mower. Good thing I got it repaired last Summer. Probably won't be able to find repair parts much longer...
Joe, Yukon - Nov 2, 2009 at 6:52 pm
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I don't know. It will probably move the production of their tools from Singapore and Thailand to China. Probably right next to Coleman, Zebco, Murray, John Deere, and Craftsman.
burt, edmond - Nov 2, 2009 at 5:35 pm
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and improve the quality of stanley....too bad that both companies have moved the vast majority of their manufacturing to low cost third world labor markets and the quality of their products reflects that fact. tools is one product cateogry where you should never skimp on quality....anyone that buys the cheap chinese crap deserves what they get.
Michael, Oklahoma City - Nov 2, 2009 at 5:13 pm
hopefully the improve the quality of B&D and quit coming out with useless crap
Eric, Oklahoma City - Nov 2, 2009 at 4:11 pm
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