Black and Decker sold to Stanley http://tinyurl.com/yh5ll4v
Top picture: S. Duncan Black – and – Alonzo G. Decker unattributed, undated photos, perhaps c. 1910s Click here for a larger image: http://twitpic.com/o3xt9 or here: http://kevindayhoff.tumblr.com/post/231675270/black-and-decker-sold-to-stanley-pic-s-duncan
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: http://online.wsj.com/article/SB10001424052748703932904574511913680817266.html?mg=com-wsj
Center picture Scripophily detail from B&D stock certificate. Click here for a larger image: http://twitpic.com/o7rr1 or here: http://kevindayhoff.tumblr.com/post/232606394/black-decker-sold-to-stanley-pic-scripophily
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.[http://www.blackanddecker.co.uk/about/history/]
The following history of the Black and Decker Manufacturing Company may be found at: http://www.blackanddecker.com/CustomerCenter/Company-Information.aspx
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.
 Bottom picture: Black and Decker ad, from the late 1920s, featuring the use of its tools in the building of Conowingo Dam. [Image credit: http://www.conowingolake.com/gpage4.html] Click here for a larger image: http://twitpic.com/o7wxh or here: http://kevindayhoff.tumblr.com/post/232652009/black-and-decker-ad-from-the-late-1920s |
Black and Decker sold to Stanley http://tinyurl.com/yh5ll4v
Top picture: S. Duncan Black – and – Alonzo G. Decker unattributed, undated photos, perhaps c. 1910s Click here for a larger image: http://twitpic.com/o3xt9 or here: http://kevindayhoff.tumblr.com/post/231675270/black-and-decker-sold-to-stanley-pic-s-duncan
Center picture Scripophily detail from B&D stock certificate. Click here for a larger image: http://twitpic.com/o7rr1 or here: http://kevindayhoff.tumblr.com/post/232606394/black-decker-sold-to-stanley-pic-scripophily
Bottom picture: Black and Decker ad, from the late 1920s, featuring the use of its tools in the building of Conowingo Dam. [Image credit: http://www.conowingolake.com/gpage4.html] Click here for a larger image: http://twitpic.com/o7wxh or here: http://kevindayhoff.tumblr.com/post/232652009/black-and-decker-ad-from-the-late-1920s
*****
Kevin Dayhoff Soundtrack: http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://www.kevindayhoffart.com/ Kevin Dayhoff Westminster: http://www.westgov.net/ Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/
Kevin Dayhoff Art: http://www.kevindayhoff.com/ (http://kevindayhoffart.blogspot.com/) http://www.kevindayhoffart.com/ New Bedford Herald: http://kbetrue.livejournal.com/
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