Stanley Adds $4.5B Tool to Its Belt: Black & Decker

Hand-tools giant merges with power-tools leader
By Will McCahill,  Newser Staff
Posted Nov 2, 2009 6:21 PM CST
Stanley Adds $4.5B Tool to Its Belt: Black & Decker
A Black & Decker power drill.   (Wikimedia Commons)

Two of America’s iconic tool companies are merging, with Stanley buying up Black & Decker in a deal worth $4.5 billion in stock. Stanley Black & Decker, as it will be known, combined complementary facets of the business: B &D is No. 1 in power tools and, the companies say, has little overlap with Stanley’s area of expertise, hand tools.
(More mergers and acquisitions stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.