Stanley Black & Decker to host Q4 and full year 2017 earnings conference call on Wednesday, January 24, 2018

NEW BRITAIN, Conn., 2018-Jan-04 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) will broadcast its fourth quarter and full year 2017 earnings conference call on Wednesday, January 24, 2018. The call will begin at 8:00AM ET.

A news release outlining the financial results will be distributed before the market opens on Wednesday, January 24, 2018. A slide presentation which will accompany the call will be available at www.stanleyblackanddecker.com and will remain available after the call.

The call will be accessible by telephone within the US at (877) 930-8285, from outside the U.S. at +1 (253) 336-8297, and via the Internet at www.stanleyblackanddecker.com. To participate, please register on the web site at least fifteen minutes prior to the call and download and install any necessary audio software. Please use the conference identification number 1779666. A replay will also be available two hours after the call and can be accessed at (855) 859-2056 or +1 (404) 537-3406 using the passcode 1779666.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Stanley Black & Decker Investor Contacts

Dennis Lange
Vice President, Investor Relations
(860) 827-3833
dennis.lange@sbdinc.com

Michelle Hards
Director, Investor Relations
(860) 827-3913
michelle.hards@sbdinc.com

SOURCE Stanley Black & Decker

Stanley Black & Decker accelerates its global Industry 4.0 “smart factory” initiative with an Advanced Manufacturing Center of Excellence in downtown Hartford

Stanley Black & Decker accelerates its global Industry 4.0 “smart factory” initiative with an Advanced Manufacturing Center of Excellence in downtown Hartford

 

  • Names Sudhi Bangalore to lead center that will eventually house approximately 50 Industry 4.0 professionals
  • Announces launch of STANLEY+Techstars Additive Manufacturing Accelerator to bring start-ups to Hartford

HARTFORD, Conn., 2017-Dec-06 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (Dec. 5, 2017) announced plans to open an Advanced Manufacturing Center of Excellence in downtown Hartford to accelerate its global Industry 4.0 “smart factory” initiative. Called “Manufactory 4.0,” named after the original Stanley Bolt Manufactory founded in 1843, the 23,000-square-foot Center will be located at One Constitution Plaza and will employ approximately 50 Industry 4.0 professionals. The company has appointed Sudhi Bangalore, most recently WIPRO’s Global Head of Smart Manufacturing and Industry 4.0 Solutions, to lead the center. The company is also launching an additive manufacturing accelerator with Techstars that will be housed at the new facility.

“Strong urban cores, and in particular a vibrant capital city, are essential to Connecticut’s ability to thrive which is why we decided to locate this important new initiative in Hartford,” said Stanley Black & Decker’s President and Chief Executive Officer Jim Loree. “Our team has worked closely with Mayor Bronin’s office, and we are excited to be a part of building a vibrant, strong capital city. With the budget now passed, the hard work can begin to solve some of the state’s structural fiscal challenges and put the state on a more sound economical path. We cannot lose the sense of urgency and must recognize that the state is at a critical juncture. As a company founded in New Britain, Connecticut, almost 175 years ago, we have expressed our commitment from a social responsibility perspective to being part of the solution.”

“Our Manufactory 4.0 will serve as the epicenter for the latest technologies and processes with respect to Industry 4.0,” said Don Allan, Chief Financial Officer for Stanley Black & Decker. “Just as Connecticut was at the heart of the first three Industrial Revolutions and has continued to have a strong manufacturing presence, we believe that the state has the potential to be a leader for what is often called the Fourth Industrial Revolution – the automation of manufacturing that includes the internet of things, cloud computing, artificial intelligence, 3-D printing, robotics and advanced materials. We are thrilled that Sudhi has joined the company to lead this effort, which is a critical component of our company’s 22/22 strategy.”

“Today’s announcement further cements Stanley Black & Decker’s reputation as a leading innovator in advanced manufacturing, and a tremendous partner to the State of Connecticut,” said Governor Dannel P. Malloy. “The Advanced Manufacturing Center of Excellence will be critical in spurring innovation and ensuring that our state continues to build upon our reputation as a global leader in advanced manufacturing. We are grateful to CEO Jim Loree for his partnership and extraordinary vision and commitment not only to Stanley Black & Decker, but to our capital city and the State of Connecticut as a whole.”

“I’m thrilled to welcome Stanley Black & Decker’s Advanced Manufacturing Center of Excellence and Additive Manufacturing Accelerator to Hartford, putting Connecticut’s Capital City at the leading edge of innovation in advanced manufacturing,” said Hartford Mayor Luke Bronin.  “Today’s announcement represents an enormous win in our effort to make Hartford a hub for innovation in our region’s core industries. I want to thank CEO Jim Loree and Stanley Black & Decker’s senior leadership for their inspiring commitment to reinventing manufacturing right here in Connecticut and right here in Connecticut’scapital city.”

Sudhi Bangalore will serve as Stanley Black & Decker’s Vice President of Industry 4.0, reporting to Allan, and has a deep expertise in Industry 4.0 and Digital Manufacturing. Leveraging a unique combination of operations and technology background, he has served as an expert advisor to shape and deploy Industry 4.0 strategies for several global customers. Prior to serving in his current role at WIPRO, he was the company’s Global Practice Head for Industrial Automation. He has held operations and business unit manager leadership roles across a number of leading technology companies, including Danaher Corporation, Siemens and Rockwell Automation. He earned a Bachelor’s in Electronic Engineering from Bangalore University, a Master’s in Industrial Engineering from the University of Louisville and an M.B.A. from Kent State University.

Stanley Black & Decker currently operates approximately 30 manufacturing facilities in the U.S., including three in Connecticut, with more than 100 manufacturing facilities globally. The company has three locations designated as “Lighthouse Factories,” that have partially implemented Industry 4.0 across their facilities from manufacturing execution systems (MES), to 3-D printing, virtual reality and artificial intelligence.

In addition, to support and accelerate innovation in Industry 4.0, the company has made a three-year commitment to partnering with Techstars, one of the world’s best startup accelerators, and is announcing the launch of the STANLEY+Techstars Additive Manufacturing Accelerator. The mentorship-driven, entrepreneurial accelerator program will identify 10 startups in the additive manufacturing space to participate in the program in the program’s first year. Companies will co-locate with Manufactory 4.0 and have access to mentoring and resources to grow their ideas into viable businesses, and bring new technologies to market. Additive manufacturing refers to 3-D printing and the collection of technologies that are used throughout the process, including those involved in rapid prototyping, rapid manufacturing and free form fabrication, among others. The application process will begin in January 2018. Similar programs will be run in 2019 and 2020, with 30 potential startups completing the process.

“Additive manufacturing is a field that is constantly evolving and will significantly change the manufacturing environment of the future,” said Corbin Walburger, Vice President of Business Development for Stanley Black & Decker. “The STANLEY+Techstars Additive Manufacturing Accelerator demonstrates our commitment to this emerging industry, and shows our intent to stay at the forefront of technological change and incorporate another example of innovative and disruptive technologies into our business model.”

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista and more. Learn more at www.stanleyblackanddecker.com.

Media Contacts:

Shannon Lapierre
Vice President, Communications
Stanley Black & Decker
Phone: 860-259-7669
Email: Shannon.Lapierre@sbdinc.com

Tim Perra
Vice President, Public Affairs
Stanley Black & Decker
Phone: 860-826-3260
Email: Tim.Perra@sbdinc.com

SOURCE: Stanley Black & Decker

###

Stanley Black & Decker and Techstars launch the STANLEY+Techstars Additive Manufacturing Accelerator in Hartford

HARTFORD, Conn., 2017-Dec-06 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) and Techstars, one of the world’s best startup accelerators, today (Dec. 5, 2017) announced the formation of a three-year partnership and the launch of the STANLEY+Techstars Additive Manufacturing Accelerator in Hartford. This mentorship-driven, entrepreneurial accelerator program will select 10 startups in the additive manufacturing space to participate in its first year. Applications will open in January 2018, and the program will run in the third quarter of 2018. Similar programs will be run in 2019 and 2020, with 30 potential startups completing the process.

Startups will co-locate with Stanley Black & Decker’s new Advanced Manufacturing Center of Excellence – Manufactory 4.0 – in Hartford, CT, and have access to mentoring and resources to grow their ideas into viable businesses and bring new technologies to market.

“Additive manufacturing is a field that is constantly evolving and will significantly change the manufacturing environment of the future,” said Corbin Walburger, Vice President of Business Development for Stanley Black & Decker. “The STANLEY+Techstars Additive Manufacturing Accelerator demonstrates our commitment to this emerging industry, and shows our intent to stay at the forefront of technological change and incorporate innovative and disruptive technologies into our business model.”

Stanley Black & Decker currently operates more than 100 manufacturing facilities globally, including approximately 30 in the U.S. and three in Connecticut. Three of the company’s locations are designated as “Lighthouse Factories,” plants that have partially implemented Industry 4.0 across their facilities from manufacturing execution systems (MES), to 3-D printing, virtual reality, robotics and artificial intelligence.

“We are thrilled to be bringing our successful accelerator model to Hartford,” said David Brown, co-CEO and co-founder of Techstars. “Hartford is thriving with early-stage startups ranging from companies focused on science, technology and software solutions to B2B and small business services. Connecticutwas at the heart of the first three Industrial Revolutions and has continued to have a strong manufacturing presence, which makes it a great location for an accelerator focused on the Fourth Industrial Revolution and additive manufacturing, in particular.”

To apply to participate, visit https://www.techstars.com/programs/ beginning in January 2018.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at www.stanleyblackanddecker.com.

About Techstars

Techstars helps entrepreneurs succeed. Techstars partners with over 300 new businesses each year to provide them with the resources, network and knowledge needed to successfully grow their business. A global network in more than 150 countries, Techstars has 300,000 alumni and more than 10,000 mentors. Of the 1100 startups that have been through the Techstars program, 90% are either still active or have been acquired. Techstars was named one of the world’s best startup accelerators by Entreprenuer Magazine. Techstars accelerator portfolio includes more than 1,000 companies with a market cap of $8.1 billion. www.techstars.com

Media Contacts:

Shannon Lapierre
Vice President, Communications
Stanley Black & Decker
Phone: 860-259-7669
Email: Shannon.Lapierre@sbdinc.com

Tim Perra
Vice President, Public Affairs
Stanley Black & Decker
Phone: 860-826-3260
Email: Tim.Perra@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker appoints Dr. Mark Maybury to the newly created position of Chief Technology Officer

Stanley Black & Decker appoints Dr. Mark Maybury to the newly created position of Chief Technology Officer

 

NEW BRITAIN, Conn., 2017-Nov-14 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) has named Dr. Mark Maybury to the newly created position of Chief Technology Officer. Maybury joins the organization from The MITRE Corporation, where he held a variety of strategic technology leadership roles over 27 years. At Stanley Black & Decker, Maybury will form a small, agile team to work across the company’s businesses and functions to advise and counsel management on technological threats and opportunities, as well as provide access to all elements of the global technology ecosystem.

“Mark is a well-known and highly respected technology leader with an impressive wealth of knowledge and expertise critical to our technological journey,” said Stanley Black & Decker’s President and CEO Jim Loree. “Our aspiration is to become known as one of the world’s leading innovators, and we believe this is a key component of our strategy to achieve the 22/22 vision. As the pace of change continues to accelerate across the continuum of technologies, we are staffing our team with the right talent to navigate the changing world.”

Maybury most recently served as Vice President of Intelligence Portfolios and prior to that was MITRE’s Vice President and Chief Security Officer and Director of the National Cybersecurity Federally Funded Research and Development Center (FFRDC). Before joining MITRE, Maybury served as a U.S. Air Force officer. He later returned to the Air Force as Chief Scientist from 2010 to 2013 where he advised the Chief of Staff and Secretary of the Air Force on a wide range of scientific and technical issues.

He is currently a member of the Defense Science Board and recently completed multiple years of service on the Air Force Scientific Advisory Board and the Homeland Security Science and Technology Advisory committee. He is a fellow in both the IEEE and the Association for the Advancement of Artificial Intelligence. Maybury is widely published, having authored or edited 10 books and more than 60 publications.

Maybury earned a bachelor’s degree in mathematics from College of the Holy Cross (Fenwick Scholar, valedictorian), a master’s degree in computer speech and language processing from Cambridge University, England (Rotary Scholar), a master’s degree in business administration from Rensselaer Polytechnic Institute, and a doctoral degree in artificial intelligence also from Cambridge University.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, CRAFTSMAN, BLACK+DECKER, DEWALT, IRWIN, Lenox, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at www.stanleyblackanddecker.com.

Media Contacts:
Tim Perra
Vice President, Public Affairs
Tim.Perra@sbdinc.com
860-826-3260

Dennis Lange
Vice President, Investor Relations
Dennis.Lange@sbdinc.com
860-827-3833

SOURCE: Stanley Black & Decker

###

Stanley Black & Decker to open its third manufacturing facility in Texas

MISSION, Texas, 2017-Nov-01 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (Oct. 31, 2017) announced that the world’s largest tools and storage company will open a new manufacturing facility in Mission, TX. The company has signed a lease on a nearly 300,000 square foot facility that will make DEWALT power tool products. The facility will eventually support approximately 450 new jobs in the region and is expected to begin operations in early 2018.

“The opening of our third manufacturing facility in Texas augments our strategy of making where we sell, reinforcing our long-standing commitment to making in America and making in Texas,” said Jeff Ansell, President of Stanley Black & Decker’s Global Tools & Storage business.  “We have continuously manufactured in the U.S. since 1843, and we are the first tool company to proudly bring manufacturing back to the USA in recent times. We continue to strengthen and expand our U.S.-based manufacturing capabilities and we believe that this newest expansion in Texas will enable further acceleration of our Made in the USA with global materials portfolio.”

“The Mission Economic Development Corporation (Mission EDC) team has been working with Stanley Black & Decker for the past several months and we are excited to see their hard work has paid off,” said City of Mission Mayor Norberto Salinas. “It’s a great day for Mission and a great day for the Rio Grande Valley when a company of this caliber decides to invest in our region. These are exactly the type of jobs that we want to attract to our city, and this investment shows that Mission is an attractive location for major employers to locate and grow.”

Stanley Black & Decker operates approximately 30 manufacturing facilities in the United States, which produce a broad range of products under major brands such as STANLEY, PROTO, LISTA, VIDMAR, CRAFTSMAN and DEWALT. Over the past three years, the company has added 40% more manufacturing employees in the United States, and added manufacturing capacity in North Carolina, Tennessee, Indiana, Maryland and more.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s leading provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, CRAFTSMAN, BLACK+DECKER, DEWALT, IRWIN, Lenox, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at www.stanleyblackanddecker.com.

Contact:
Tim Perra
Vice President of Public Affairs
860-826-3260
tim.perra@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker to host Q3 2017 earnings conference call on Tuesday, October 24, 2017

NEW BRITAIN, Conn., 2017-Sep-27 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) will broadcast its third quarter 2017 earnings conference call on Tuesday, October 24, 2017. The call will begin at 8:00AM ET.

A news release outlining the financial results will be distributed before the market opens on Tuesday, October 24, 2017. A slide presentation, which will accompany the call, will be available at www.stanleyblackanddecker.com and will remain available after the call.

The call will be accessible by telephone within the US at (877) 930-8285, from outside the U.S. at +1 (253) 336-8297, and via the Internet at www.stanleyblackanddecker.com. To participate, please register on the web site at least fifteen minutes prior to the call and download and install any necessary audio software. Please use the conference identification number 89990701. A replay will also be available two hours after the call and can be accessed at (855) 859-2056 or +1 (404) 537-3406 using the passcode 89990701.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Stanley Black & Decker Investor Contacts
Dennis Lange
Vice President, Investor Relations
(860) 827-3833
dennis.lange@sbdinc.com

Michelle Hards
Director, Investor Relations
(860) 827-3913
michelle.hards@sbdinc.com

SOURCE Stanley Black & Decker

Stanley Black & Decker commits up to $125,000 for immediate Hurricane Harvey disaster relief

NEW BRITAIN, Conn., 2017-Aug-29 — /EPR Retail News/ — As the images and stories of the devastation caused in Texas by Hurricane Harvey continue to mount, Stanley Black & Decker (NYSE: SWK) today (Aug. 28, 2017) announced a commitment of up to $125,000 for immediate distaster relief. The company will donate $50,000 to the American Red Cross and $25,000 to the Houston ToolBank, as well as double its Employee Matching Gifts program (matching employee gifts $2 for every $1 raised) to encourage its employees to quickly generate an additional $50,000. In addition, the company will be donating a fresh set of DEWALT, STANLEY and BLACK+DECKER tools and storage systems to the Houston ToolBank in an effort to double their impact during this time.

“Our thoughts and prayers are with the victims of this unprecedented event, including with our more than 650 employees across the state of Texas, more than 200 of whom are in the immediate Houston area,” said Jim Loree, President & CEO of Stanley Black & Decker. “We are committed to assisting those working to provide immediate relief today, and we are committed to working within the community to assist in the rebuilding efforts over time.”

The American Red Cross is one of the best-positioned organizations to provide on-the-ground relief when a disaster strikes. ToolBank is a 25-year-old nonprofit with a commitment to providing tools and supplies so that nonprofits can fulfill their missions without worrying about tool inventories. The ToolBank network has grown into ten metropolitan areas across the United States and now includes a Disaster Services Vehicle, which is a fully-stocked 18-wheel tractor trailer able to deploy when natural disasters strike. The ToolBank Disaster Services vehicle will be en route to the Houston area soon, where it will remain throughout the clean up and rebuilding process.

Through its support of ToolBank, the American Red Cross and other organizations, Stanley Black & Decker has a longstanding track record of providing disaster relief services, and a demonstrated commitment to rebuilding within the communities impacted by natural disasters.

About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s largest provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Craftsman, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at http://www.stanleyblackanddecker.com.

CONTACT:
Tim Perra
Stanley Black & Decker
Vice President, Public Affairs
(860) 826-3260
tim.perra@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker opens new Makerspace in Maryland

Stanley Black & Decker opens new Makerspace in Maryland

 

TOWSON, Md., 2017-Aug-21 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (Aug. 17, 2017) announced the grand opening of its state-of-the-art Makerspace, a 4,500-square- foot workshop dedicated to helping Stanley Black & Decker employees bring innovative new ideas to life, as well as to serving as a resource for the Greater Baltimore community to engage in meaningful maker experiences.

Jeff Ansell, President of Global Tools & Storage for Stanley Black & Decker, said, “At Stanley Black & Decker, we are a company of innovators, makers and creators, and this new space will give our employees an environment where they can focus on turning their ideas into real working prototypes that will become the products of the future. Stanley Black & Decker is built on 175 years of innovation, demonstrated most recently with the launch of our DEWALT FLEXVOLT®. As we continue to grow organically and by adding the iconic American brand Craftsman and Lenox and Irwin businesses, we are excited to reinforce that commitment to innovation. By opening a new Makerspace right here in Maryland we are rededicated to not only inventing, but also making the innovations that will change the way we live tomorrow.”

“Stanley Black & Decker’s new Makerspace creates a collaborative environment where company employees can develop new products, and offers local students and educators access to state-of-the-art resources to pursue research projects,” said Governor Larry Hogan. “Maryland’s economy continues to be driven by innovation, and having cutting-edge workshops like this one is critical to growing jobs, spurring new advances, and helping our communities thrive.”

The new Makerspace is another expansion of Stanley Black & Decker’s Maryland-based presence, which began in 2010 when the Black & Decker company merged with The Stanley Works. Today, the company employs more than 2,100 people in the region, and has invested approximately $60 million in facility upgrades. In addition, its growth plans call for nearly 400 immediate new hires in a wide variety of positions, with a focus on innovation and engineering.

Stanley Black & Decker has already partnered with local universities to develop a curriculum, framework and toolset for future Makerspaces and to offer a space for students and faculty to work on research projects. Ongoing partnership with these and other leading academic institutions will be a cornerstone of the company’s continued engagement with the community. In addition, the company expects to expand this to a public-facing maker program sometime in 2018.

About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s largest provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Craftsman, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at http://www.stanleyblackanddecker.com.

Media Contact:

Tim Perra
Vice President, Public Affairs
Phone: (860) 826-3260
Tim.Perra@sbdinc.com

SOURCE: Stanley Black & Decker

###

Stanley Black & Decker appoints Janet Link Senior Vice President, General Counsel and Secretary

Stanley Black & Decker appoints Janet Link Senior Vice President, General Counsel and Secretary

 

NEW BRITAIN, Conn., 2017-Jul-27 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (July 25, 2017) named Janet Link Senior Vice President, General Counsel and Secretary. Link joins Stanley Black & Decker from J.C. Penney Company where she served as General Counsel. She succeeds Bruce Beatt who is retiring from the company after 17 years of service and nearly 40 years in the legal field. Link’s appointment is effective immediately and Beatt will remain with the company for a transition period extending through April 2018.

“The Stanley Black & Decker team is appreciative of Bruce’s tireless devotion to the company’s success, and we wish him much enjoyment in his retirement,” said Stanley Black & Decker President & CEO Jim Loree. “We are thrilled that Janet is joining our team. Her seasoned legal background and expertise in the retail industry will be of significant value to our organization. In addition, we are confident Janet will continue stewarding the company’s focus on integrity in all our interactions, helping to ensure we maintain high standards of ethical conduct as we pursue our growth goals. Nothing could be more important to our company.”

Prior to J.C. Penney, Link held deputy general counsel positions at Clear Channel Outdoor Holdings, Inc., and CC Media Holdings, Inc. (now known as iHeartMedia). She began her legal career with a U.S. District Court clerkship in the Central District of California followed by a clerkship with the Honorable James R. Browning, U.S. Court of Appeals for the Ninth District. She was also a partner at Latham & Watkins.

Link earned her bachelor’s from Yale University and her J.D. from Columbia University School of Law.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Investor Contacts:

Greg Waybright
Vice President, Investor Relations
greg.waybright@sbdinc.com
(860) 827-3833

Dennis Lange
Vice President, Investor Relations
(860) 827-3833
dennis.lange@sbdinc.com

Media Contacts:

Shannon Lapierre
Vice President, Communications
shannon.lapierre@sbdinc.com
(860) 827-3575

Tim Perra
Vice President, Public Affairs
tim.perra@sbdinc.com
(860) 826-3260

SOURCE: Stanley Black & Decker

###

Stanley Black & Decker opens new Breakthrough Innovation center in Boston

BOSTON, 2017-Jul-27 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) today (July 24, 2017) announced the opening of a new Breakthrough Innovation center in Boston dedicated to advancing technological innovation in the company’s Stanley Security business. The Stanley Security Futures Innovation Factory is the company’s 11th Innovation Center globally and will initially employ approximately 20 people in Boston’s Seaport District.

“We recognize that technological innovation is changing the world at an exponentially accelerating pace and that being at the forefront of disruption is essential to success,” said Jim Loree, Stanley Black & Decker’s president and CEO. “Today marks the opening of the company’s 11th breakthrough innovation center around the globe and this team in Boston will be dedicated to ensuring that we develop the most innovative solutions in the security space.”

“Stanely Black & Decker is a global leader in electronic security solutions, and I am proud to welcome the Stanley Security Futures Innovation Factory to the City of Boston,” said John F. Barros, Chief of Economic Development, City of Boston. “Boston’s innovation ecosystem of talent, concentration of technology companies, and collaborative entrepreneur community will help the Future Innovation Factory grow and thrive while Stanley Security tranforms the security technology industry.”

Stanley Security Futures Innovation Factory is focused on uncovering disruptive business models and exploring technologies to transform and secure our world. The team will specifically concentrate on automation, additive manufacturing and artificial intelligence in the Security space, as well as the rapid commercialization of breakthrough technologies.

On Monday, July 24th, the team officially opened their doors in a brand new space located at the Innovation and Design Building in the Seaport area, a center for startup activity and advanced research, adjacent to the innovation operations of technology and industrial leaders such as Autodesk and GE. Additionally, the space is located next to the MassChallenge Headquarters, a non-profit partner focused on start-up business acceleration. The STANLEY Security team will have the opportunity to catalyze ideas and tap into the MassChallenge and other resources for inspiration and collaboration.

Stanley Black & Decker operates the world’s second largest commercial electronic security business, a $2 billion business unit focused on advanced electronic safety, security and monitoring solutions, eco-friendly automatic doors, and sophisticated patient safety and asset tracking within the healthcare space.

About Stanley Black & Decker

Stanley Black & Decker, an S&P 500 and FORTUNE 500 company, is the world’s largest provider of tools and storage, the world’s second-largest commercial electronic security company, and a leading engineered fastening systems provider, with unique growth platforms in the Oil & Gas and Infrastructure industries. Well-known brands include: STANLEY, BLACK+DECKER, DEWALT, Craftsman, Porter-Cable, Bostitch, Facom, Mac Tools, Proto, Vidmar, Lista, and more. Learn more at http://www.stanleyblackanddecker.com.

Contact:

Tim Perra
Vice President of Public Affairs
860-826-3260
tim.perra@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker declares quarterly cash dividend of $0.63 per common share

NEW BRITAIN, Conn., 2017-Jul-21 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) announced today ( July 19, 2017) that its Board of Directors approved a $0.05 increase of its quarterly cash dividend to $0.63 per common share. This marks the 50th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, September 19, 2017 to shareholders of record as of the close of business on Friday, September 1, 2017.

Stanley Black & Decker’s President and CEO, James M. Loree, commented, “A strong and growing dividend continues to be a critical component of our shareholder value proposition.  I am pleased to continue the trend of consecutive increases, which has now spanned five decades.”

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Stanley Black & Decker Investor Contacts:

Dennis Lange
Vice President, Investor Relations
(860) 827-3833
dennis.lange@sbdinc.com

Michelle Hards
Director, Investor Relations
(860) 827-3913
michelle.hards@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker to host 2Q 2017 earnings conference call on Monday, July 24, 2017

NEW BRITAIN, Conn., 2017-Jun-29 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) will broadcast its second quarter 2017 earnings conference call on Monday, July 24, 2017. The call will begin at 8:00AM EDT.

A news release outlining the financial results will be distributed before the market opens on Monday, July 24, 2017. A slide presentation, which will accompany the call, will be available at www.stanleyblackanddecker.com and will remain available after the call.

The call will be accessible by telephone within the US at (877) 930-8285, from outside the U.S. at +1 (253) 336-8297, and via the Internet at www.stanleyblackanddecker.com. To participate, please register on the web site at least fifteen minutes prior to the call and download and install any necessary audio software. Please use the conference identification number 44653952. A replay will also be available two hours after the call and can be accessed at (855) 859-2056 or +1 (404) 537-3406 using the passcode 44653952.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

SOURCE Stanley Black & Decker

Contact:

Stanley Black & Decker
Greg Waybright
Vice President, Investor Relations
(860) 827-3833
greg.waybright@sbdinc.com

Stanley Black & Decker President and CEO Jim Loree to present at the 2017 Electrical Products Group Conference

NEW BRITAIN, Conn, 2017-May-19 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) invites investors and the general public to listen to a webcast of a presentation by Jim Loree, President  and CEO, at the 2017 Electrical Products Group Conference in Longboat Key, FL on Monday, May 22, 2017 at 10:45 AM EDT. The live webcast will be available in the “Investors” section of the company’s website at www.stanleyblackanddecker.com. A replay of the webcast will be provided on the website and will be available for 90 days.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Contact:

Greg Waybright
Vice President, Investor Relations
(860) 827-3833
greg.waybright@sbdinc.com

Michelle Hards
Director, Investor Relations
(860) 827-3913
michelle.hards@sbdinc.com

SOURCE: Stanley Black & Decker

Stanley Black & Decker to webcast its 2017 Investor Day scheduled for Tuesday, May 16, 2017

NEW BRITAIN, Conn., 2017-May-12 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) announced today (May 9, 2017) that it will audio webcast its Investor Day scheduled for Tuesday, May 16, 2017, in New York, NY. Presentations by senior management will be webcast beginning at 9:00 AM EDT and concluding at approximately 1:00 PM EDT.

The live webcast will be available in the “Investors” section of the company’s website at www.stanleyblackanddecker.com. A replay of the webcast will be provided on the website and will be available for 90 days.

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Investor Contacts:
Greg Waybright
Vice President, Investor Relations
greg.waybright@sbdinc.com
(860) 827-3833

Michelle Hards
Director, Investor Relations
michelle.hards@sbdinc.com
(860) 827-3913

Media Contacts:
Shannon Lapierre
Vice President, Communications
shannon.lapierre@sbdinc.com
(860) 827-3575

Tim Perra
Vice President, Communications
tim.perra@sbdinc.com
(860) 826-3260

SOURCE: Stanley Black & Decker

Sears Holdings closes sale of the Craftsman brand to Stanley Black & Decker

  • Reached an agreement with the Pension Benefit Guaranty Corporation in relation to the Craftsman transaction
  • To release its fiscal 2016 fourth quarter and full year financial results on March 9, 2017

HOFFMAN ESTATES, Ill., 2017-Mar-10 — /EPR Retail News/ — Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”) (NASDAQ: SHLD) announced today that it has closed the previously announced sale of the Craftsman brand to Stanley Black & Decker for a net present value of over $900 million.

Edward S. Lampert, Chairman and Chief Executive Officer of Sears Holdings, said: “The successful closing of the Craftsman transaction provides immediate liquidity to Sears Holdings, while enabling us to participate in the future growth of the Craftsman brand. In addition, the related agreement with the Pension Benefit Guaranty Corporation (the “PBGC”) will continue to secure our pension obligations, while helping us maintain financial flexibility.”

The transaction provides Stanley Black & Decker with the right to develop, manufacture and sell Craftsman-branded products outside the Sears Holdings and Sears Hometown & Outlet Stores distribution channels. As part of the agreement, Holdings will continue to offer Craftsman-branded products, sourced from existing suppliers, through its current retail channels via a perpetual license from Stanley Black & Decker, which will be royalty-free for the first 15 years after closing and royalty-bearing thereafter.

As part of the closing, the Company received an initial upfront cash payment of $525 million subject to closing costs and an adjustment for working capital changes. In addition, Stanley Black & Decker will pay a further $250 million in cash in three years and Sears Holdings will receive payments of between 2.5% and 3.5% on new Stanley Black & Decker sales of Craftsman products for the next 15 years.

In connection with the closing of the Craftsman transaction, the Company reached an agreement with the PBGC pursuant to which the PBGC has consented to the sale of the Craftsman-related assets that had been “ring-fenced” under the March 2016 pension plan protection and forbearance agreement between the PBGC and the Company (the “PPPFA”) and certain related transactions. As a condition to obtaining this consent, the Company agreed to grant to the PBGC a lien on, and subsequently contribute to the Company’s pension plans, the value of the $250 million cash payment payable to the Company on the third anniversary of the Craftsman closing, with the value of such payment being fully credited against certain of the Company’s minimum pension funding obligations in 2017, 2018 and 2019.

The Company also granted a lien to the PBGC on the 15-year income stream relating to new Stanley Black & Decker sales of Craftsman products, and agreed to contribute the payments from Stanley Black & Decker under such income stream to the Company’s pension plans, with such payments to be credited against the Company’s minimum pension funding obligations starting no later than five years from the closing date. The Company also agreed to grant the PBGC a lien on $100 million of real estate assets to secure the Company’s minimum pension funding obligations through the end of 2019, and agreed to certain other amendments to the PPPFA.

Sears Holdings will also release its financial results for fiscal 2016 fourth quarter and full year today, Thursday, March 9, 2017. The Company will simultaneously post a pre-recorded conference call and audio webcast on its corporate website. It will feature prepared remarks from Jason M. Hollar, Chief Financial Officer, who will focus his comments to provide additional context around the quarter and the Company’s progress on its strategic transformation, including the sale of Craftsman.

The pre-recorded conference call may be accessed by telephone at 844.826.0613 or 973.200.3092 (conference ID: 81158037), and on Sears Holdings’ website at http://www.searsholdings.com/invest/ under “Events & Presentations.” The accompanying presentation and transcript will be posted online in conjunction.

Forward-Looking Statements
This press release contains forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Whenever used, words such as “believe,” “estimate,” “intend,” “will,” “expect,” and other terms of similar meaning or expression are intended to identify such forward-looking statements. Forward-looking statements, including these, are based on the current beliefs and expectations of our management and are subject to significant risks, assumptions and uncertainties, many of which are beyond the Company’s control, that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Detailed descriptions of other risks relating to Sears Holdings are discussed in our Annual Report on Form 10-K for the fiscal year ended January 30, 2016, and other filings with the Securities and Exchange Commission. While we believe that our forecasts and assumptions are reasonable, we caution that actual results may differ materially. We intend the forward-looking statements to speak only as of the time made and do not undertake to update or revise them as more information becomes available, except as required by law. Results presented herein are unaudited.

About Sears Holdings Corporation
Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart, as well as with other retail partners across categories important to them. The Company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

NEWS MEDIA CONTACT:
Sears Holdings Public Relations
(847) 286-8371

SOURCE Sears Holdings Corporation

Stanley Black & Decker to acquire Craftsman brand from Sears Holdings

  • Stanley Black & Decker to develop, manufacture and sell Craftsman-branded products in non-Sears Holdings channels
  • Sears Holdings to continue sourcing and selling Craftsman-branded products in all its retail channels under perpetual license agreement
  • Agreement consists of $525 million cash payment at closing, $250 million at end of year three, and annual payments to Sears Holdings of between 2.5% and 3.5% on new Stanley Black & Decker sales of Craftsman products through year 15
  • Stanley Black & Decker to significantly increase availability and innovation of Craftsman products and add manufacturing jobs in the U.S. to support growth

NEW BRITAIN, Conn. and HOFFMAN ESTATES, Ill., 2017-Jan-07 — /EPR Retail News/ — Stanley Black & Decker (NYSE: SWK) (“Stanley Black& Decker” or “the company”), an S&P 500 global diversified industrial company, and Sears Holdings Corporation (NASDAQ: SHLD) (“Sears Holdings”), announced today ( Jan. 5, 2017) that they have entered into a definitive agreement under which Stanley Black& Decker will purchase the Craftsman brand from Sears Holdings.  The transaction provides Stanley Black& Decker with the rights to develop, manufacture and sell Craftsman-branded products in non-Sears Holdings retail, industrial and online sales channels across the U.S. and in other countries.  As part of the agreement, Sears Holdings will continue to offer Craftsman-branded products, sourced from existing suppliers, through its current retail channels via a perpetual license from Stanley Black& Decker, which will be royalty-free for the first 15 years after closing and royalty-bearing thereafter.  Today only approximately 10% of Craftsman-branded products are sold outside of Sears Holdings and the agreement will enable Stanley Black& Decker to significantly increase Craftsman sales in these untapped channels.

“Craftsman is a legendary, American brand with tremendous consumer awareness built on a legacy of producing quality products at a great value,” said Stanley Black& Decker President and CEO James M. Loree. “This agreement represents a significant opportunity to grow the market by increasing the availability of Craftsman products to consumers in previously underpenetrated channels.  We intend to invest in the brand and rapidly increase sales through these new channels, including retail, industrial, mobile and online. To accommodate the future growth of Craftsman, we intend to expand our manufacturing footprint in the U.S.  This will add jobs in the U.S., where we have increased our manufacturing headcount by 40% in the past three years.

“As we continue our growth trajectory as a diversified industrial company, we continue to look at opportunities to build upon our world-class portfolio of franchises and brands to create shareholder value.  This transaction, which aligns squarely with this strategy, also reflects an effective allocation of capital particularly when viewed in the context of the recently announced Mechanical Security sale.  We’ve essentially freed up capital trapped in a low-growth business to invest in organic growth and EPS accretion,” added Loree.

Sears Holdings’ Chairman and Chief Executive Officer Edward S. Lampert stated, “We are pleased to reach this agreement, after determining that externalizing the Craftsman brand would accomplish our goals of driving value for Sears Holdings and positioning Craftsman for future growth. This transaction represents a significant step in our ongoing transformation to a membership focused business model.  Craftsman has a storied history as an iconic American brand and in Stanley Black& Decker we have found a great owner that is committed to expanding Craftsman and helping it to reach its potential outside of its current channels. It’s important for our members to know that we will continue to sell Craftsman in-store and online at Kmart and Sears, and Sears Hometown, and the structure of the transaction will provide Sears Holdings with a significant upfront payment, another payment in three years and an opportunity to participate in the growth of the Craftsman brand in both our stores and at other retailers selected and managed by Stanley Black& Decker. Looking ahead, we will continue to take actions to adjust our capital structure, meet our financial obligations and manage our business to better position Sears Holdings to create long-term value by focusing on our best members, our best stores and our best categories.”

Transaction Terms

Stanley Black& Decker will pay Sears Holdings $525 million at closing, $250 million at end of year three, and annual payments on new Stanley Black& Decker Craftsman sales through year 15 (2.5% through 2020, 3% through January 2023, and 3.5% thereafter).  The net present value of all these cash payments is approximately $900 million.  The license granted to Sears Holdings will be royalty-free for 15 years, then 3% thereafter.

Existing sales of Craftsman products outside the Sears Holdings and Sears Hometown distribution channels, which will be assumed immediately upon closing by Stanley Black& Decker, were approximately $200 million over the last 12 months.  The company expects the sale of Craftsman branded products to contribute approximately $100 million of average annual revenue growth for approximately the next ten years.  The transaction is expected to be accretive to earnings by approximately $0.10-$0.15 per share in year one, increasing to approximately $0.35-$0.45 by year five and to approximately $0.70-$0.80 by year ten, excluding approximately $20 million of deal-related costs.

The transaction, which was approved by the Boards of Directors of both companies, is expected to close during 2017, subject to customary closing conditions and regulatory approvals.

Stanley Black& Decker will host a conference call with investors today, Thursday, January 5, 2017 at 09:00 am EST. A presentation which will accompany the call will be available at www.stanleyblackanddecker.com and will remain available after the call.

The call will be accessible by telephone at 1 (877) 930-8285 and from outside the U.S. at 1 (253) 336-8297 (Conference ID 46963043); also, via the Internet at www.stanleyblackanddecker.com. To listen, please go to the web site at least fifteen minutes early to register, download and install any necessary audio software. A replay will also be available two hours after the call and can be accessed at (855) 859-2056 or (404) 537-3406 by entering the Conference identification number 46963043. The replay will also be available as a podcast within 24 hours and can be accessed on our website and via iTunes.

Stanley Black& Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com.

Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members – wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

Forward-Looking Statements

This press release contains forward-looking statements from Stanley Black& Decker or Sears Holdings which represent the respective company’s expectations or beliefs about future events and their respective financial performance. Forward-looking statements are identifiable by words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “will,” “may” and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward looking statements made in this press release, include, but are not limited to, statements concerning: the consummation of the purchase; investment in, and rapid increase in sales and innovation of products carrying the Craftsman brand; significantly increasing sales of Craftsman-branded products in untapped channels; expanding U.S. manufacturing footprint and adding jobs in the U.S.; the Craftsman brand complementing and expanding Stanley Black& Decker’s existing operations; revenue opportunities; and organic revenue growth and accretion to earnings per share.

You are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are not guarantees of future events and involve risks, uncertainties and other known and unknown factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements, including, but not limited to, the failure to consummate, or a delay in the consummation of, the transaction for various reasons; failure to successfully integrate the Craftsman brand and achieve expected revenue opportunities; the seller becoming insolvent or entering  bankruptcy proceedings; or the transaction-related costs and charges being greater than anticipated.

Forward-looking statements made herein are also subject to risks and uncertainties, described in the respective company’s: 2015 Annual Reports on Form 10-K; subsequently filed Quarterly Reports on Form 10-Q; and other filings made with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. Neither Stanley Black& Decker nor Sears Holdings makes any commitment to revise or update any forward-looking statements made by it to reflect events or circumstances occurring or existing after the date of any of its forward-looking statements.

Stanley Black& Decker Contacts:
Investor Contacts:
Greg Waybright
Vice President, Investor Relations
greg.waybright@sbdinc.com
(860) 827-3833

Michelle Hards
Director, Investor Relations
michelle.hards@sbdinc.com
(860) 827-3913

Media Contacts:
Shannon Lapierre
Vice President, Communications/Public Relations
shannon.lapierre@sbdinc.com
(860) 827-3575

Tim Perra
Vice President, Communications
tim.perra@sbdinc.com
(860) 826-3260

Sears Holdings Contact:
Howard Riefs
Director, Corporate Communications
(847) 286-8371

SOURCE: Stanley Black& Decker