Showing posts with label Black and Decker Mfg Co. Show all posts
Showing posts with label Black and Decker Mfg Co. Show all posts

Friday, November 6, 2009

Column on the Black and Decker Mfg Co sale to Stanley - in The Tentacle

Kevin E. Dayhoff Wednesday, November 4, 2009

Word spread quickly through Maryland early Monday evening that the Black and Decker Manufacturing Company is “merging” with The Stanley Works. Black and Decker employees were notified by email at 4:30 P.M. of the $4.5 billion all-stock acquisition of the venerable old Maryland manufacturer.

The tool manufacturer, whose world headquarters are located in Towson, has employed generations of workers at the Hampstead plant in Carroll County and in other facilities throughout Maryland - including various members of two generations of my family.

Black and Decker has always had a profound strong presence in Maryland simply by way of the fact that it was founded by two industrial engineers, S. Duncan Black and Alonzo G. Decker, with a $1,200 loan and $600 obtained from the sale of Mr. Black’s second-hand car, in September 1910, on Calvert Street in Baltimore….

Read the entire column here:

My other The Tentacle columns may be found here: or here:

The Saturday Evening Post 1925 advertisement: Black and Decker and “The Phantom of the Opera” Image credit:

20091104 sdosmbrief Col on BD Mfg Co sale to Stanley in TT

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My columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County:

Thursday, November 5, 2009

This week in The Tentacle

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My other The Tentacle columns may be found here:

Thursday, November 5, 2009
Happy Days Are Here Again?
Chris Cavey
Tuesday evening I joined the Republican faithful gathered in Frederick at The Green Turtle to watch election results. While they were cheering the victory of Randy McClement, mayor-elect of Frederick City, I couldn’t help but think that perhaps the political pendulum crossed the apex and was now swinging the other way. Their way.

Looking Back Going Forward
Michael Kurtianyk
The results are in, and the voters have chosen Randy McClement over Jason Judd in the City of Frederick election. Before getting into the specifics, Congratulations are due both candidates for running a strong, civil race. Despite pressures from others, both men campaigned without slinging mud. Let’s hope the county races next year are run with the same decorum and respect.

Wednesday, November 4, 2009
Pulling the Plug on Maryland
Kevin E. Dayhoff
Word spread quickly through Maryland early Monday evening that the Black and Decker Manufacturing Company is “merging” with The Stanley Works. Black and Decker employees were notified by email at 4:30 P.M. of the $4.5 billion all-stock acquisition of the venerable old Maryland manufacturer.

Tom Goes Spark’in
Tom McLaughlin
Kuching, Malaysia – Being a relatively healthy male, I enjoy the company of women and learning the dating customs has been a challenge. Wandering around in my mid 50’s, yet thinking I am in my 20’s, I have met and carefully enjoyed many platonic associations.

Tuesday, November 3, 2009
Pushkin between the Polls
Roy Meachum
On this voting day in the city, I can almost envy Pushkin; the boy Pointer will sail through the whole democratic process unaffected. He might be inconvenienced by accompanying me to the basement of Evangelical Lutheran Church on East Church Street. Although his shank is long and his beard grizzled, he always finds admirers. No sweat.

Monday, November 2, 2009
Voting My Conscience
Steven R. Berryman
The City of Frederick elections are now upon us, so it’s time to get your voting strategy together. Those stuck at simply “voting the party line,” will be at a distinct disadvantage in our municipal election tomorrow.

On the Mayoral Race in Frederick…
Michael Kurtianyk
What an extremely cordial, civil race for mayor of the City of Frederick. This is a great breath of fresh air from the race four years ago.

Friday, October 30, 2009
Attack Politics
Roy Meachum
You may have missed the latest survey: a majority of Americans said they no longer have confidence in where their country is headed. As usual sixty-five percent disapprove of the performance by Congress. At the same time, the president’s personal rating held steady at 56 per cent – in the Wall Street Journal/NBC paid-for measurement of the national mood.

How Does Your City Grow?
Joe Charlebois
Mary, Mary quite contrary how does your city grow? Paraphrasing the old nursery rhyme gets to the point of what the future of Frederick County and its municipalities will face as it continues to grow. The quintessential issue – we as citizens of the city and/or county need to address – is how we will define growth over the next 20 to 30 thirty years.

Limbaugh, Freedom and The NFL
Derek Shackelford
Several weeks ago talk show host Rush Limbaugh garnered national headlines with his participation in an ownership group attempting to purchase the National Football League’s St. Louis Rams. Mr. Limbaugh was not going to be the majority owner just a partner in the ownership group.

Thursday, October 29, 2009
Government Principles/City Elections
Patricia A. Kelly
“The Congress shall assemble at least once in every Year, and that Meeting shall be on the first Monday in December….” U.S. Constitution. Don’t we wish!

How much is a TRILLION?
Bill Brosius
Kinda rolls nicely off the tongue, doesn’t it? Don’t know about you but I have been having a tough time getting my head around a trillion, let alone 10 trillion; much less 40 trillion. One trillion is 1,000,000,000,000. Put a dollar sign in front and you’re talking about unreal money.

Wednesday, October 28, 2009
Halloween and The Snallygaster
Kevin E. Dayhoff
This Saturday is Halloween and taking break from local and national politics could not come a moment too soon.

Surprises of a 26-Hour Trip
Tom McLaughlin
Doha, Qatar – What happens if you are a small country and have billions and billions of dollars located on top of the largest gas field in the world? Building the largest most modern commercial airline on the planet is one goal.

REVIEW: Dr. Jekyll and Four Mr. Hydes
Roy Meachum
You read the column’s head right. The Maryland Ensemble Theatre is retelling Robert Louis Stevenson classic story in playwright Jeffrey Hatcher’s version; no longer is a case of schizophrenia limited to a single individual. Mr. Hatcher took “Dr. Jekyll and Mr. Hyde” and spread the latter’s evil among four actors, including a woman, Karen Paone.

Tuesday, October 27, 2009
Then There Are Five
Roy Meachum
Let me confess up front that I have been to no candidate forums and was fed stories that proved no more than flimsy rumors. This does not make me unusual in the community. What sets me apart from two-thirds of my fellow registered voters? I plan to hike over to the Evangelical Lutheran polling place next Tuesday.

Sanity: The Key to Self-Esteem
Nick Diaz
In my last article on developing sound math study habits, I referred to “procrastination” as ‘the thief of time.” I concluded that the issue of procrastination by students is not a simple one. Procrastination is a defense mechanism that protects students’ self-esteem.

20091105 sdosm This week in The Tentacle

Annual Halloween, Black and Decker Mfg Co, Bus Econ mergers acquisitions, Governance Taxes MD, MD co Frederick Co, MD muni Frederick City, Non-profits, People Cavey-Chris

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Wednesday, November 4, 2009

Black and Decker sold to Stanley

Black and Decker sold to Stanley
Top picture: S. Duncan Black – and – Alonzo G. Decker unattributed, undated photos, perhaps c. 1910s Click here for a larger image: or here:

Word spread quickly through Carroll County early Monday evening, November 2, 2009 that The Black and Decker manufacturing Company is merging with The Stanley Works.

The company has always had a profoundly strong presence in Carroll County because of the large manufacturing facility that employed generations of workers at the Hampstead plant - including various members of two generations of my family.

The company has always been an economic engine for Carroll and Baltimore County and Maryland. It was on November 8, 1973 that the old Carroll Record newspaper in the county reported: "$1,250,000 Black and Decker Expansion Among Building Permits—A $1,250,000 Black and Decker expansion tops those building permits granted in Westminster since October 24. District Eight - Black and Decker for a steel and masonry addition to an existing building and repair to an existing roof, together valued at $1,250,000."

That was a lot of money in 1973...

One of the earliest reference in Carroll County newspapers to the manufacturing giant occurred in the
July 25, 1924 issue of the Westminster American Sentinel newspaper: "Carroll County has a number of incorporated cities surrounding Westminster. These cities furnish labor for several nationally known industries such as the Black & Decker Co. at Hampstead, The Blue Ridge Rubber Co. at Taneytown, the Lehigh Portland Cement Co. at Union Bridge and the Lincoln Manufacturing Co. at New Windsor. The Western Maryland and Baltimore & Ohio Railroads long have been the carriers for county industrial and farm products to the large marketing area. Carroll County is connected by a modern system of roadways..."

The Baltimore Sun picked up the story about the merger quickly: "Stanley Works to buy Black & Decker for $4.5 billion, By Lorraine Mirabella:

"Towson-based tool maker Black & Decker Corp., one of only three Fortune 500 companies in the Baltimore area, is merging with The Stanley Works in a $4.5 billion all-stock deal, the companies announced Monday. "The merger will create Stanley Black & Decker, an $8.4 billion company, that will be headquartered in New Britain, Conn., the companies said. "The boards of directors of both companies have approved the transaction, which will give Black & Decker shareholders 1.275 shares of Stanley common stock for each share of Black & Decker common stock, or a premium of 22.1 percent to Black & Decker's closing share price on Friday."
The Wall Street Journal also carried some excellent analysis: "Stanley to buy Black and Decker." I believe that the article is behind a pay wall, (I am subscriber,) however, the excellent article and analysis may be found here:

Center picture Scripophily detail from B&D stock certificate. Click here for a larger image: or here:

For some history on Black and Decker:

In the fall of 1910, Duncan Black and Alonzo Decker invested $1,200 in a dream of making specialized machinery. Their first shop was on Calvert Street in a Baltimore industrial district. Their product line, manufactured under contract for other companies, was diversified. It included a milk bottle cap machine, a lettergraph, a vest pocket adding machine, a postage stamp splitting and coiling machine, machinery for the U.S. Mint, a candy-dipping machine, a shock absorber, and a cotton picker.[]

The following history of the Black and Decker Manufacturing Company may be found at:

Two young entrepreneurs, S. Duncan Black and Alonzo G. Decker, founded a small machine shop in Baltimore, Maryland. They called it The Black & Decker Manufacturing Company. Their shop has grown beyond anything they could have imagined.

Today, Black & Decker is a global marketer and manufacturer of quality products used in and around the home and for commercial applications. With products marketed in over 100 countries and approximately half of its revenues from outside the United States, Black & Decker's product lines hold leading market share positions in their industries.

The company is the world’s largest producer of power tools and accessories. Its household products business is the U.S. leader and among global competitors in the small household appliance industry.

So what were the chain of events that grew the small machine shop of the early 1900s into today's global manufacturing and marketing powerhouse? The answer may be revealed with a look at the timeline of major events spanning the Company’s history.

  • 1917 -The Company received a patent for the pistol grip and trigger switch on its drill. It also built the first Black & Decker plant, with 12,000 square feet of floor space in a frame building in Towson U.S.A., then a rural suburb of Baltimore U.S.A.

  • 1922 - The Company formed its first foreign subsidiary, Black & Decker Manufacturing Company, Ltd., in Canada and built its first wholly owned assembly operation and sales, service and warehouse facility outside the U.S.A. The Company also added the electric screwdriver to its growing product line.

  • 1925 - International expansion continued. Black & Decker, Ltd. was organized in London, England, as a wholly owned sales, service and warehouse subsidiary serving the United Kingdom.

  • 1928 - Black & Decker acquired Van Dorn Electric Tool Company of Cleveland, Ohio, U.S.A., a manufacturer of industrial power tools.

  • 1929 - Black & Decker (Australasia) Pty., Ltd. was established in Sydney, Australia. The subsidiary was a wholly owned assembly, motor winding, sales, service, and warehousing operation.

  • 1941 - The Towson plant began to manufacture fuses, gun shells and other ordnance for the Allies. Despite the diversion of resources to the war effort, the Company continued to produce power tools within legislated limits.

  • 1943 - Black & Decker received the prestigious Army-Navy "E" award for production, one of four World War II citations awarded to the Company.

  • 1946 - A subsidiary was established with responsibility for developing business in the Western Hemisphere. Pushing south, the Company opened sales, service and warehouse facilities in São Paulo, Brazil.

    Bottom picture: Black and Decker ad, from the late 1920s, featuring the use of its tools in the building of Conowingo Dam. [Image credit:] Click here for a larger image: or here:
  • 1950 - The one-millionth 1/4" Home Utility drill came off the assembly line, a milestone in the Company's manufacturing history.

  • 1951 - S. Duncan Black, co-founder and president since 1910, died on April 15 at the age of 68, and Alonzo G. Decker, Sr. became president. The Company broke ground for a 121,000 square foot plant in Hampstead, Maryland U.S.A.

  • 1954 - While continuing to serve as president, Alonzo G. Decker, Sr. was elected to the newly created position of Chairman of the Board of Directors.

  • 1955 - Black & Decker South Africa (Pty.), Ltd. was set up as a wholly owned sales and service subsidiary in Johannesburg (relocated to Cape Town in 1958), and the Company built a 50,000 square foot plant at Croydon, Victoria, Australia.

  • 1956 - Alonzo G. Decker, Sr. died on March 18, at the age of 72. Robert D. Black, a long-time executive of the Company and brother of S. Duncan Black, was named chairman of the board and president.

  • 1957 – 1958 - Black & Decker (Belgium) S.A. was created as a wholly owned sales, service and warehouse subsidiary in Brussels. In 1958, Black & Decker (New Zealand) Ltd. was opened in Auckland while Black & Decker, G.m.b.H. was established in Dusseldorf, Germany, and Black & Decker (Nederland) B.V. was organized in Rotterdam, The Netherlands.

  • 1959 - Black & Decker organized a subsidiary called Master Power Corporation to acquire Master Pneumatic Tool Company, a manufacturer of portable air tools with operations in Ohio and Canada.

  • 1960 - Alonzo G. Decker, Jr., son of the co-founder and a Black & Decker employee since 1930, succeeded Robert D. Black as president. Mr. Black continued as chairman of the board and chief executive officer. Black & Decker acquired DeWalt, Inc. of Lancaster, Pennsylvania, a manufacturer of radial arm saws and other stationary woodworking equipment in the U.S. and Canada.

  • 1965 - The Hampstead plant grew by 240,000 square feet to accommodate a transfer of manufacturing from Towson. The move marked the end of manufacturing at Towson, where plant facilities were refurbished to accommodate expanded research and applied technology activities.

  • 1967 – 1968 - The United Kingdom company was awarded the Queen's Award to Industry for outstanding achievement in increasing exports. The Italian company won the coveted Oscar del Commercia from the Italian government for its overall contributions to the domestic economy.

  • 1970 – 1971 - The Company acquired the Carbide Router Company, Inc. of Moonachie, New Jersey, U.S.A. In 1971, Black & Decker (Nigeria), Ltd. in Lagos and Black & Decker Argentina S.A.C.I. in Buenos Aires were organized as wholly owned sales and service subsidiaries.

  • 1972 - The Japanese government granted approval in 1972 for Black & Decker to manufacture power tools in that country. Nippon B&D KK became the first non-Japanese company in five years to be given such approval on a private ownership basis.

  • 1974 - Sales passed the $500 million mark. The first one-year customer satisfaction guarantee was introduced by Black & Decker in the U.S.A.

  • 1975 - Alonzo G. Decker, Jr. relinquished the position of chief executive officer, but continued as chairman of the board. Francis P. Lucier succeeded Mr. Decker as chief executive officer and continued as president. It was the first time in the Company's history that a member of the Black or Decker families did not hold the post of chief executive officer.

  • 1979 - The U.S. power tools business was incorporated as a wholly owned subsidiary under the name of Black & Decker (U.S.), Inc. Annual sales topped $1 billion for the first time.

  • 1981 - Robert D. Black, former chairman of the board and chief executive officer, died on March 21, at the age of 84.

  • 1984 - Black & Decker announced a major reorganization plan to realign corporate management and consolidate manufacturing. Plants were closed at Maidenhead and Harmondsworth, England; Kildare, Ireland; Lancaster, Pennsylvania; and Solon, Ohio U.S.A. Manufacturing was transferred to other Black & Decker facilities. Also in 1984, the Company acquired General Electric Company’s small household appliance business. Black & Decker launched a brand transition program; unprecedented in scope, to transfer the Black & Decker brand name to the household appliances acquired from General Electric.

  • 1984 - Reflecting its broader product line and global marketing expertise, the Company adopted a new logo. The new logo retained the strong orange color that had long been identified with the Company and kept the heritage of the hexagon.

  • 1985 - Black & Decker turned 75. A celebration marking the occasion included placing a capsule of Company memorabilia in the newly renovated engineering building at Towson. The capsule will remain sealed until 2085. Signaling greater emphasis on marketing and sales, the Company’s stockholders approved a name change to The Black & Decker Corporation.

  • 1987 - Black & Decker’s rebound gathered steam. Earnings doubled, and sales were the highest in the Company’s history. Sales exceeded $2 billion, and Black & Decker were ranked by Fortune among the 200 largest U.S.-based industrial companies. Sales & Marketing Management Magazine ranked Black & Decker as having the best sales force in an U.S.A. survey.

  • 1988 - The Company was awarded the Medal of Professional Excellence by Purchasing Magazine for its world-class purchasing operations and expertise.

  • 1989 - Black & Decker acquired Emhart Corporation ($2.8 billion in revenues) in 1989, nearly doubling the Company’s size and adding a compatible global presence and an array of well-respected brand names, including Kwikset® residential door locks and hardware, Price Pfister® faucets, Molly® wall anchors, POP® rivets, True Temper golf club shafts and many other consumer and commercial products. Black & Decker was inducted into the U.S.A. Space Foundation’s Space Technology Hall of Fame for its cordless power tool achievements and contributions to NASA’s Gemini and Apollo programs.

  • 1990 - The Company repaid nearly $700 million of acquisition debt with proceeds from the sale of six non-strategic businesses. (Two additional operations were sold early in 1991, generating over $100 million in additional proceeds for debt repayment.) Of 6,000 brands surveyed among 10,000 consumers, Black & Decker ranked seventh in brand name awareness and esteem in the U.S. and nineteenth in Europe. Black & Decker initiated a Total Quality Process focusing on raising the level of customer satisfaction within every segment of the Company’s operations.

  • 1992 – The entirely new DEWALT line of professional products for North America was launched.

  • 1993 – The Company’s new product and service commitment to the consumer channel of distribution earned it the Vendor of the Year awards from Wal-Mart, Builders Square, L.G. Cook, BMA, Channel Home Centers, and several other U.S.A. key accounts. Also launched the selected Elu line of professional power tools for Europe.

  • 1995 – The new line of DeWalt Professional Power Tools & Accessories launches in Europe

  • 1996 – Nearly all businesses hold first- or second- place market shares in their industries and improved their positions during the year, reflecting the continuous flow of innovative new products.

  • 1998 – Black & Decker reports the strongest balance sheet in ten years and sales of core businesses reach record levels.

  • 1999 - Focus begins on more fully globalizing the business by employing the internet and "e-business" strategies to support key retail partners as they expand in North America and around the world.

  • 2002 – Black & Decker ® and Hitachi Koki enter into cooperative arrangement in the power tools business

  • 2003 – Black & Decker ® sells its European security hardware business to Assa Abloy for $108 million

  • 2003 - Black & Decker ® purchase Baldwin Hardware Corporation and Weiser Lock Corporation from Masco, for a cash purchase price for the transaction in the region of $275 million

  • 2004 – Black & Decker ® reports earnings per share before restructuring charges of $1.35 for the fourth quarter of 2003 and record $4.02 for the full year; generating $480 million free cash

  • 2004 – Black & Decker ® reports a record earnings per share from continuing operations in the second quarter of 2004

  • 2004 - Black & Decker ® announce the purchase of the Tools Group from Pentair, Inc. (NYSE: PNR) for approximately $775 million in cash. The Tools Group, which includes the Porter-Cable, Delta, DeVilbiss Air Power, Oldham Saw, and FLEX businesses, had sales of $1.08 billion and operating profit of $82 million in 2003.

  • Black and Decker sold to Stanley

    Top picture: S. Duncan Black – and – Alonzo G. Decker unattributed, undated photos, perhaps c. 1910s Click here for a larger image: or here:

    Center picture Scripophily detail from B&D stock certificate. Click here for a larger image: or here:

    Bottom picture: Black and Decker ad, from the late 1920s, featuring the use of its tools in the building of Conowingo Dam. [Image credit:] Click here for a larger image: or here:
    Kevin Dayhoff Soundtrack: Kevin Dayhoff Art: Kevin Dayhoff Westminster: Twitter: Twitpic: Kevin Dayhoff's The New Bedford Herald:
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    My columns appear in the copy of the Baltimore Sunday Sun that is distributed in Carroll County: