- Stanley Works
company_name = The Stanley Works
1843cite web |url = http://www.stanleyworks.com/a_history.asp |title = Company History |author = Stanley Works | accessdate= 2008-01-09 |language = English]
Frederick Trent Stanley
location_city = flagicon|USA New Britain,
key_people = John F. Lundgren
Chairmanand CEOJames M. Loree EVPand CFO
revenue = US $4.48 billion (
2007)cite web |url = http://finance.google.com/finance?q=NYSE:SWK |title = The Stanley Works |author = Google Finance | accessdate= 2008-01-09 |language = English]
num_employees = 17,600
homepage = [http://www.stanleyworks.com/ Stanley Works]
The Stanley Works (nyse|SWK) (known casually as simply Stanley) is a manufacturer of
tools and hardwareheadquartered in New Britain, Connecticut.
The company was created by the 1920 merger of Stanley's Bolt Manufactory, founded by
Frederick Trent Stanleyin 1843, and The Stanley Rule and Level Company, founded by Frederick's cousin, Henry Stanley, in 1857.
In May 2002, the company considered moving its corporate headquarters to Bermuda, but public and governmental outcry forced management to reconsider the move. By August 2002, the company had decided to maintain its incorporation in the
John F. Lundgren was elected as Chairman & Chief Executive Officer in 2004, replacing
John Trani, a former protegé of Jack Welchat General Electric.
In 1937 Stanley Works enters the UK market via the acquisition of
J.A Chapmanin Sheffield.cite web |url = http://www.infomat.net/infomat/rd741/rd1/database/stanley_works/ |title = Time Line - The History of Stanley Works |author = Resource Directory | accessdate= 2008-08-21 |language = English]
In the 1980s Stanley Works acquires
MAC Tools.cite web |url = http://www.superbrands.uk.com/programmes/issues/9/sb09_stanley.pdf |title = Stanley brand |author = Superbrands | accessdate= 2008-08-21 |language = English]
In 1984 Stanley Works purchased
Protofrom Ingersoll Randand it becomes Stanley Proto.cite web |url = http://www.stanleyproto.com/xhtml/interactive_100anniversary/index.html |title = Proto Tools 100th Anniversary Timeline |author = Stanley Proto | accessdate= 2008-08-21 |language = English]
In 1986 Stanley Works acquired
Bostitchfrom Textron.cite web |url = http://bostitch.co.uk/about-us/our-history/ |title = Stanley Bostitch - Our History |author = Stanley Bostitch | accessdate= 2008-08-21 |language = English]
Stanley Works purchased the Chatsworth-based Monarch Mirror Door Co. Inc., a 1,000-employee manufacturer of sliding and folding mirror-doors in 1992, formerly owned by Oscar Kain, of Los Angeles (now deceased). Terms of the sale were not disclosed.
In October 2002, Stanley Works acquired
Best Access Systemsof Indianapolis, Indianafor $310 million. The acquisition also prompted the creation of a new Access Controls Group for Stanley. Further additions to this new working group included Blick plcof Swindon, England, a United Kingdomleading integrator of security solutions, communication, and time management solutions to the commercial and industrial sectors, selling direct to end users. In January 2004, Stanley announced plans to acquire Frisco Bay Industries Ltd.for $45.3 million, a Canadian provider of security integration services. In December 2004, the acquisition of ISR Solutions, Inc., headquartered in Washington, DCwas announced. ISR Solutions is an electronic security integrator providing the U.S. federal government and commercial customers with access security system services.
January 2005, the acquisition of
Security Group, Inc.was announced. Security Groupwas composed of two primary operating companies: Sargent & Greenleaf, Inc., a manufacturer of medium and high security locks and Safemasters, a North American provider of physical security installation, maintenance and repair services, with an emphasis on mechanical locking systems. An additional acquisition of Precision Hardware was made in 2005.
In 2006 Stanley furthered its corporate assets in the security market by acquiring
HSM Electronic Protection Systemsafter it had been spun off from Honeywellin compliance with pre-emptive SEC antitrust rulings. In the meantime, the Company was able to strike facilities security contracts as the primary contractor to secure 3 NASAspaceflight centers. [The Stanley Works, Annual Report, 2006]
In late 2007, Stanley acquired
OSI Security of Chula Vista, CA. OSI Securityis a provider of battery operated wireless lock technology and supplies to government, education, and healthcare industries.
In June, 2008, Stanley announced the acquisition of Sonitrol. Sonitrol provides high end security systems that use audio listening devices as the primary means of intrusion detection. Since the 1960s, they have accumulated over 100,000 commercial accounts in over 150 cities, and have an impressive record of helping police departments apprehend criminals. There is a combination of corporate owned locations and franchise locations. As of 2008, many of the Stanley Security Services divisions are being integrated under the unified HSM brand.
Stanley is a well-known brand of tools and has produced millions of hand planes,
saws, rulers, try squares, chisels, screwdrivers, and many other types of tools for consumer and for industrial use. Their innovations include the Bailey plane, the Surform shaper, the PowerLock tape measure, and the utility knifeor in British English, the Stanley knife. Stanley is also a supplier of PoziDriv(improved Phillips lookalike) screwdrivers. Stanley sells industrial and commercial fasteners, air tools, and air compressors under the Bostitch brand.
The Stanley brand name has been widely-licensed to include shoes, clothing and Lawn & Garden Tractors.
Stanley Works received the Golden Hammer Award for new product innovation in 2000, 2001 and 2002 .
*Best Access Systems (door hardware and locks)
*Craftsman Hand Tools (up to the mid 1980s)
*Frisco Bay Industries Ltd. (Canada)
*HSM (security services)
*Integrator (security electronics)
*Intivid Solutions (video electronics)
*National (general hardware)
*Safemasters (security products)
*Sargent & Greenleaf, Inc. (security products)
*Vidmar (Industrial storage)
* John Walter - "Antique & Collectible Stanley Tools: Guide to Identity & Value" (The Tool Merchant, Ohio, 1996) ISBN 1-878911-02-3
* [http://www.stanleyworks.com/a_history.asp History of the Stanley Works]
* [http://stanleytools.com/default.asp?TYPE=STATICLEFT&PAGE=history.htm&LEFT=left_history.htm Another history of the Stanley Works]
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