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Joined: 6/4/2008
Posts: 309
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Just spotted this on the news. Stanley tools has purchased Black & Decker. I guess in the consolidation more jobs will be lost.
Gregg M.
(Seabeck, WA)
18 years of fix'n
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Joined: 1/25/2009
Posts: 730
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Well there goes Black and Decker as we knew it. And no doubt about more jobs being cut.
"I'll try almost anything at least once.
Mid-Hudson Valley Region, NY
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Joined: 6/14/2007
Posts: 1463
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Ez THE STANLEY WORKS AND BLACK & DECKER TO COMBINE TO CREATE AN
$8.4 BILLION GLOBAL DIVERSIFIED INDUSTRIAL LEADER NEW BRITAIN, CT and TOWSON, MD – November 2, 2009 – - Unites Two Highly Complementary Companies With Iconic Brands;
- EPS Accretion Of Approximately $1.00 Per Share Projected By Year Three;
- $350 Million In Cost Synergies Expected;
- Black & Decker Shareholders To Receive Fixed Ratio Of 1.275 Shares Of Stanley Common Stock For Each Share Of Black & Decker Common Stock;
The Stanley Works (NYSE: SWK), a worldwide supplier of quality tools and engineered solutions for industrial, construction and do-it-yourself use, and security solutions for commercial applications, and The Black & Decker Corporation (NYSE: BDK), a global manufacturer and marketer of quality power tools and accessories, hardware and home improvement products, and technology-based fastening systems, announced today that they have entered into a definitive merger agreement to create Stanley Black & Decker, an $8.4 billion global industrial leader in an all-stock transaction valued at approximately $4.5 billion. ~
There isn't any handyman problem that a judicious amount of money can't fix... Bradford county Pa.
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Joined: 5/15/2009
Posts: 665
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gmaint wrote: Just spotted this on the news. Stanley tools has purchased Black & Decker. I guess in the consolidation more jobs will be lost.
Gregg M. (Seabeck, WA) 18 years of fix'n
Some how I'm not at all surprised.
Anything worth dewing is worth dewing well!
Dewing my time in southwest IN.
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Joined: 6/14/2007
Posts: 1395
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One day all the tool companies will be merged into one jumbo corporation. That will eliminate the need for some of the companies to compete with other ones. All variations of a particular tool will have the same quality. Nothing will be different and you won't have any decisions to make when you purchase a tool. The name of this jumbo coporation, you ask, will be "The Chinese Government", with branches in North Korea, Laos, India (customer support), and Mexico. This is not a joke. It's the truth.
Ray, Monroeville Pa
If you don't have a license plate on your butt, don't walk in the middle of the road.
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Joined: 5/15/2009
Posts: 665
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alwaysfixingsomething wrote: One day all the tool companies will be merged into one jumbo corporation. That will eliminate the need for some of the companies to compete with other ones. All variations of a particular tool will have the same quality. Nothing will be different and you won't have any decisions to make when you purchase a tool. The name of this jumbo coporation, you ask, will be "The Chinese Government", with branches in North Korea, Laos, India (customer support), and Mexico. This is not a joke. It's the truth. Ray, Monroeville Pa If you don't have a license plate on your butt, don't walk in the middle of the road.
Ray, do you suppose they may open up call centers in the US, so we can have a turn annoying the non-english customers? 
Anything worth dewing is worth dewing well!
Dewing my time in southwest IN.
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Joined: 6/13/2007
Posts: 2209
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Well, lets look at the US auto industry. When did the stronger mfgr take on lesser brands? Can you say GM?
ZIPPER 78212... Did you ever notice: The Roman Numerals for forty (40) are XL
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Joined: 6/14/2007
Posts: 1395
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Call centers are the only bright spots in the economy. Companies are starting to return the call centers to the USofA. You can handle the wrong information, stupidity and nastiness from a fellow American, but not from a foreign jerk.
Ray, Monroeville Pa
If you don't have a license plate on your butt, don't walk in the middle of the road.
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Joined: 10/17/2007
Posts: 2
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I hear the new company will be called Stanley Black & Decker. The only problem I see is, if all the tool companies eventually merge, the company's name could become very long...Stanley Black & Decker Skil DeWalt Craftsman Freud...
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Joined: 11/24/2007
Posts: 890
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Stanley Black & Decker............StaBD for short?
Bob from coastal Georgia. 31323
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