2012 Top 100: Housewares/Appliances
Last year, Stanley Black & Decker proved to be the runaway hit with greater than 100 percent growth. This year, the playing field has evened out.
Stanley Black & Decker
As Stanley Black & Decker clos
ed out 2011 — and its first 22 months as a combined enterprise — the company drove change, growth and value in virtually every business and region where it competes; it was a year in which revenues reached $10 billion and free flow cash exceeded $1 billion (excluding merger and acquisition-related charges and payments) for the first time in its history. At the end of 2011, it had also already achieved approximately $350 million (its 2012 year-end goal) in cost synergies and thus, raised its estimate to $450 million by year-end 2012. In October 2012, the company announced the sale of the Hardware & Home Improvement Group (HHI) to Spectrum Brands Holdings, Inc. for $1.4 billion in cash. According to President and Chief Executive Officer, John F. Lundgren, “The sale of HHI is consistent with our strategy of strengthening our position as a diversified industrial company while maintaining the significant upside potential of a housing market recovery through our $5 billion Construction and DIY portfolio.” With 2011 revenues of $940 million, HHI brands include Kwikset, Weiser, Baldwin, Stanley, National and Pfister, among others.
Stanley Black & Decker
As Stanley Black & Decker clos
ed out 2011 — and its first 22 months as a combined enterprise — the company drove change, growth and value in virtually every business and region where it competes; it was a year in which revenues reached $10 billion and free flow cash exceeded $1 billion (excluding merger and acquisition-related charges and payments) for the first time in its history. At the end of 2011, it had also already achieved approximately $350 million (its 2012 year-end goal) in cost synergies and thus, raised its estimate to $450 million by year-end 2012. In October 2012, the company announced the sale of the Hardware & Home Improvement Group (HHI) to Spectrum Brands Holdings, Inc. for $1.4 billion in cash. According to President and Chief Executive Officer, John F. Lundgren, “The sale of HHI is consistent with our strategy of strengthening our position as a diversified industrial company while maintaining the significant upside potential of a housing market recovery through our $5 billion Construction and DIY portfolio.” With 2011 revenues of $940 million, HHI brands include Kwikset, Weiser, Baldwin, Stanley, National and Pfister, among others.