Stanley Black & Decker News
6 articles
growth-negative
Commentary: Trump’s trade war is hurting most sectors of the economy
The article discusses the negative impact of President Trumps tariffs on various sectors of the US economy, particularly highlighting the effects on companies within the S&P 500 index. It notes that tariffs have significantly increased costs for businesses, leading to reduced profits and price hikes. General Motors, for example, reported a $1.1 billion hit to profits in the second quarter due to tariffs. Other companies like Ford, Home Depot, and Walmart also face similar challenges, with increased costs and reduced profit margins. The article emphasizes the widespread economic damage caused by the tariffs, affecting both businesses and consumers.
Customers
growth-positive
Securitas completes the acquisition of STANLEY Security and Healthcare - accelerates its ambition to become an outstanding global security solutions partner
Securitas has completed the acquisition of STANLEY Security and Healthcare from Stanley Black & Decker Inc., marking a significant step in its transformation towards technology-based security solutions. This acquisition enhances Securitas capabilities in providing integrated security services and positions it as a leading global security partner. The combined entity, now called Securitas Technology, aims to leverage commercial synergies with its extensive client base and expects approximately 50% of its profit to come from technology and solutions sales. This strategic move aligns with Securitas growth strategy to redefine the future of the security industry through innovation and technology, meeting the increasing demand for smarter security solutions.
Acquisition
growth-positive
Stanley Black & Decker to Buy Rest of MTD for $1.6 Billion
Stanley Black & Decker Inc. has agreed to acquire the remaining 80% of MTD Holdings Inc., a family-led manufacturer of Cub Cadet and Troy-Bilt lawn tractors and power tools. This follows Stanleys purchase of a 20% stake in MTD in 2019. The cash transaction is expected to close this year pending regulatory approvals.
Acquisition
growth-positive
Stanley inks 10 startups for downtown Hartford accelerator
Stanley Black & Decker and venture capital firm Techstars have announced the 10 startups that will participate in their new advanced manufacturing accelerator program in Hartford. The companies, from the US, Canada, Israel and Ireland, will focus on technologies that build 3D objects with materials layering such as plastics, metals and concrete. The technologies include 3D printing, layered manufacturing and additive fabrication and rapid prototyping. The companies were selected for their passion, talent, drive and their innovations within additive manufacturing.
PartnersExpand
growth-positive
Stanley Black & Decker invests in Israeli wireless charging startup Humavox
LR Group is investing $14 million in the establishment of shared workspaces for biotech and medical startups near Israeli hospitals. The workspaces will be called LR Biohouse. Israeli building and engineering firm Pangea Group is acquiring Israeli biometrics company NIP Global for $30 million. NIP Globals clients include government population registries, election boards and agencies that issue smart identification cards and biometric passports. Stanley Black & Decker is investing in Israeli wireless charging startup Humavox. The amount of Stanleys investment in Humavox was not disclosed.
InvestmentAcquisitionInvestment
growth-negative
Stanley Works cancels ZAG sale - Globes
Stanley Works has canceled the sale of its Israeli subsidiary, ZAG Industries Ltd., to Fox Paine & Company LLC. The sale was initially valued at $140 million but was reduced to $110 million, including related costs. The sale was contingent on the sale of Stanley Works loss-making Canadian subsidiary. Despite negotiations, Stanley Works refused to lower the price further due to undisclosed marketing costs and losses in the Canadian subsidiary. Stanley Works acquired ZAG in 1999 and will now focus on improving ZAGs performance before attempting another sale. The decision reflects a strategic move to avoid selling at a loss.
Acquisition
