NEWS

Stanley UK (Stanley Works), the premier tools manufacturer acquire a 50.5% in Black & Decker.

Latest reports suggest that the merger between Stanley and Black & Decker will create a combined business worth approximately $8.4bn globally and offering a superb breadth of products, product development and customer service and support.  Stanley chairman and CEO John F. Lundgren will be President and CEO of the combined company, while Mr Archibald, who has been ceo of Black & Decker for 24 years, will be Executive Chairman of the merged business for three years.

DIYweek.ent (November 09)

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