Those of you who happened to catch the Washington Business Journal yesterday probably did the same spit-take we did:
“Power tool maker Black & Decker Corp. will be acquired by hand tool maker Stanley Works in an all-stock merger valued at $4.5 billion.”
That’s big news indeed. We haven’t had a chance to talk to anyone at Stanley about this yet, so please take our reactions with a grain of salt. But, wow. Assuming B&D’s current brands — DeWalt, Porter-Cable, Delta Machinery, and (of course) Black & Decker — go along with the deal, Stanley will have established themselves heavily in the power tool domain. Some of B&D’s other assets, like lock and hardware brands Kwikset, Weiser, and Baldwin, seem like they’d fit in perfectly with Stanley’s existing product line. Others, like plumbing fixture supplier Price Pfister, seem more dissimilar.
But regardless of the final disposition of all brands and products, one thing’s certain: this acquisition will greatly affect a number of products you see on the shelves today.
Black & Decker Being Acquired by Stanley for $4.5B [Washington Business Journal]
Stanley/Black & Decker Site [Corporate]