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Black & Decker Corporation (nyse: BDK) is a corporation based in Towson, Maryland, that makes and markets:
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Black & Decker Corporation (nyse: BDK) is a corporation based in Towson, Maryland, that makes and markets:
- power tools and accessories,
- hardware and home improvement products, and
- technology based fastening systems.
Brands
Black & Decker (the corporation) is distinct from "Black & Decker" the brand; the latter is used by more than one corporation. In particular, "Black & Decker"-branded household products in the Americas (but outside of Brazil) are marketed by a division of Applica, a Florida-based corporation much smaller than Black & Decker Corporation.
The Black & Decker Corporation markets its name under various brands:
- DeWalt Power Tools
- Porter Cable
- Delta Machinery
- Kwikset
- Baldwin
- Weiser Lock
- Price Pfister
- Emhart Teknologies
- Oldham Blades
- Black and Decker Firestorm
Company timeline
Black & Decker Corporation was founded in 1910 by S. Duncan Black and Alonzo G. Decker as a small machine shop in Baltimore, Maryland. In 1917, Black & Decker invented the familiar portable electric drill, obtaining a patent for a hand-held drill combining a pistol grip and trigger switch.
- 1917 - Received a patent for the pistol grip and trigger switch on its drill. The first factory was opened in Towson, MD.
- 1922 - First foreign subsidiary, Black & Decker Manufacturing Company, Ltd., is built in Canada. This was also the first year the electric screwdriver was produced by Black & Decker.
- 1925 - Black & Decker, Ltd. was established in London, England.
- 1928 - Black & Decker acquired Van Dorn Electric Tool Company of Cleveland, Ohio.
- 1929 - Established a Black & Decker subsidiary in Sydney, Australia.
- 1936 - The company's common stock begins trading on the New York Stock Exchange.
- 1941 - The Towson plant began to manufacture fuses, gun shells, and other ordnance for the Allies. Power tools were still being created at other sites.
- 1943 - Black & Decker received the prestigious Army-Navy "E" award for production, one of four WWII citations awarded to the Company.
- 1946 - After learning that workers in factories were taking drills home for personal use, Black & Decker begins the “do-it-yourself” revolution with the Home Utility line of drills and accessories. In addition, a subsidiary was established in São Paulo, Brazil, responsible for sales and manufacturing of company products.
- 1951 - S. Duncan Black, co-founder and president since 1910, died, and Alonzo G. Decker Sr. became president.
- 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.
