Stanley Black & Decker (NYSE: SWK) is a Fortune 500 American manufacturer of industrial tools and household hardware and provider of security products and locks. They are headquartered in New Britain, Connecticut. Since 1843, their goal has been simple: provide tools and solutions that make life easier.Whether it’s a hammer that punches above its weight while going easy on your elbows, a door that unlocks for you at a glance or a toolbox smart enough to find a missing socket anywhere in an airplane hangar, their products have a way of making a positive impact on your daily life.Their brands can be seen throughout the world partnered with exciting programs such as NASCAR, European Football, Chinese Basketball, Professional Bull Riding and more.
When you trace it all the way back, it comes down to three individuals: Frederick Stanley, Duncan Black, and Alonzo Decker.In 1843, Frederick Stanley started a small shop in New Britain, Connecticut, to manufacture bolts, hinges, and other hardware from wrought iron. In 1910, S. Duncan Black and Alonzo G. Decker started their shop, similar in size at first, in Baltimore, Maryland. Six years later they changed the world by obtaining the world’s first patent for a portable power tool, and the company they built has been changing the world through innovation ever since.In 2010, the two companies combined to form Stanley Black & Decker.
The Stanley Fulfillment System is Stanley Black& Decker’s commitment to putting their customers at the heart of everything they do. They are 100% committed to exceeding customer’s demands and expectations every day. They are able to make this commitment by being smarter, simpler, faster and easier to do business with. It’s all about customer creating value and a competitive advantage through innovation, service and speed. From ensuring a process that links and balances supply and demand to developing business processes that reduce costs and provide scalability, Stanley Black & Decker’s culture core is one of continual improvement.
Their impact on communities around the world is not just in the homes they help build with their tools, or the schools they protect with their security systems. It’s also a commitment to stepping up and bettering their communities. Through their employee volunteers, product donations and assistance, they have donated $2.5 million in borrowed tools value. In 2015, 27% of their charitable donations went toward STEM education. This percentage increases each year.
Stanley Black & Decker expanded its rebuilding efforts with a new major partnership: All Hand Volunteers. They helped establish ToolBank disaster relief services, a fully loaded truck with tools and materials ready to be deployed anywhere disaster strikes. They help organizations that offer assistance to returning veterans, focusing on retrofitting homes and ensuring our veterans are safe and healthy.Stanley’s 2015 Build Your America Contest awarded $10,000 to five hometown heros for home improvement or repair project completed by the House of Heroes. They also support the Wounded Warrior Project and since 2013, they have donated almost $1 Million to this cause. Stanley’s “Racing for a Miracle Program” created with the Ace Hardware Foundation, has raised more than $1 Million for the Children’s Miracle Networks.
At Stanley Black & Decker they embed ECOSMART™ thinking into everything they do.This means they are committed to improving the sustainability of operations, products, communities, suppliers and customers. Moreover, it means that they are vigilant about our sustainability initiatives.
Jim Loree, President & CEO of Stanley Black & Decker joined the company in 1999 and has held the CEO position since 2016. He and his wife, Rebecca, have formed The Jim and Rebecca Loree Foundation, a not-for-profit charitable organization that was founded in 2009. The foundation exists to provide opportunities for their community’s youth to further their position in life by pursuing valuable educational opportunities.
No matter where you live, what kind of car you drive, what stores you shop at, or what building you work in, you can bet that Stanley Black &Decker had a hand in making it work. Just as it was in 1843, theirpassion for excellence is seen around the world. Their rich heritage of commitment to their communities goes back hundreds of years and is helping to build a better tomorrow. For this, we are pleased to recognize Stanley Black & Decker as a Shining Light Company!
DISCLOSURE: Shining Light Companies are exemplary companies who live out the Golden Rule in their business practices, demonstrate strong servant leadership and create compelling value through the products and services they offer. This is intended for general information purposes concerning only the values, corporate culture and business practices of the companies being spotlighted. It DOES NOT incorporate any analysis of the companies’ investment merit based on intrinsic value, fundamental analysis, etc. This must not be construed as investment advice or a buy/sell recommendation. These companies may or may not be included in our LightPoint Portfolios at any given time.