NEW BRITAIN, Conn.,
May 15, 2019 /PRNewswire/
-- Stanley Black & Decker (NYSE: SWK) today announced it
will expand its U.S. manufacturing footprint with a new CRAFTSMAN
manufacturing plant in Fort Worth,
TX. The groundbreaking for the 425,000-square-foot facility
will take place in summer 2019, and the plant is expected to be
completed in late 2020.
The new plant in Fort Worth
will manufacture a wide range of CRAFTSMAN mechanics tools,
including sockets, ratchets, wrenches and general sets. The plant
will also leverage some of the most advanced manufacturing
technologies available to optimize productivity and sustainability,
including pre-flattening steel technologies to improve material
yield by almost 25 percent, as well as water and energy management
technologies to reduce resource consumption. The Fort Worth plant will employ approximately 500
full-time employees to support the facility.
"When we purchased CRAFTSMAN in 2017 we were determined to
revitalize this iconic U.S. brand and bring back its American
manufacturing heritage," said Stanley
Black & Decker President and CEO Jim Loree. "From the launch of CRAFTSMAN's
refreshed brand identity last year to our announcement of the first
new manufacturing facility in many years, we're demonstrating our
continued commitment to grow the brand and bring even more
production of these great products back to the United States."
Stanley Black & Decker
purchased CRAFTSMAN in 2017 and the following year, CRAFTSMAN
launched a refreshed brand identity in August 2018, unveiling more than 1,200 new
products. The brand is now on pace for an accelerated growth
trajectory to reach $1 billion in
incremental revenues by 2021.
"This new plant will also be the latest in our network of
manufacturing facilities – one that uses state-of-the-art
manufacturing technologies and demonstrates our commitment to
becoming one of the world's leaders in advanced manufacturing,"
Loree continued.
Stanley Black & Decker
currently operates approximately 30 manufacturing facilities in
the United States, with more than
100 manufacturing facilities globally. The company has five
locations that have started implementing advanced Industry 4.0
technologies across their facilities, from manufacturing execution
systems (MES), to 3-D printing, virtual reality and artificial
intelligence.
Last month, Stanley Black &
Decker also opened a new 23,000-square-foot Advanced Manufacturing
Center of Excellence, called "Manufactory 4.0", in Hartford, Conn. The facility is the focal
point of the company's global Industry 4.0 "smart factory"
initiative, housing a team of approximately 50 Industry 4.0 experts
focused on accelerating the company's adoption of advanced
manufacturing technologies and building upskilling programs to help
prepare the company's workforce for today's digital-led
manufacturing environment.
For more information about CRAFTSMAN and its U.S. manufacturing
footprint, visit www.CRAFTSMAN.com/whereitsmade.
About CRAFTSMAN:
CRAFTSMAN is an American icon that
homeowners, home builders, auto enthusiasts and master mechanics
have trusted since 1927 – and today's CRAFTSMAN continues that
legacy. With a focus on reliable, high-performance tools, storage
and equipment, CRAFTSMAN has revived its long-established pride in
superior quality. Now it's easier than ever to get the tools
trusted for generations at more places than ever. For more
information visit www.craftsman.com or follow CRAFTSMAN on
Facebook, Instagram and Twitter.
About Stanley Black &
Decker:
Stanley Black &
Decker is a $14 billion revenue,
purpose-driven industrial organization. Stanley Black & Decker has 61,000 employees
in more than 60 countries and operates the world's largest tools
and storage business, the world's second-largest commercial
electronic security services company, a leading engineered
fastening business as well as Oil & Gas and Infrastructure
businesses. The company's iconic brands include Black & Decker,
Bostitch, CRAFTSMAN, DEWALT, FACOM, Irwin, Lenox, Porter Cable and Stanley. Stanley Black & Decker is a company for the
makers and innovators, the craftsmen and the caregivers, and those
doing the hard work to make the world a better place. Learn more at
www.stanleyblackanddecker.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/stanley-black--decker-announces-opening-of-new-craftsman-plant-in-fort-worth-texas-300850306.html
SOURCE Stanley Black &
Decker