The Black Decker Corporation (New York Stock Exchange)

The Black and Decker Corporation, incorporated in 1910, is a global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems. The Company is a global supplier of engineered fastening and assembly systems. The Company operates in three operating segments: power tools and accessories, including consumer and industrial power tools and accessories, lawn and garden products, electric cleaning, automotive, lighting, and household products, and product service; hardware and home improvement, including security hardware and plumbing products; and fastening and assembly systems.

Power tools and accessories

The power tools and accessories segment is engaged in the manufacturing and selling of consumer (home use) and industrial corded and cordless electric power tools and equipment, lawn and garden products, consumer portable power products, home products, accessories and attachments for power tools, and product service. The segment is also engaged for the selling of security hardware to customers in Mexico, Central America, the Caribbean, and South America; for the sale of plumbing products to customers outside of the United States and Canada; and for sales of household products in Europe and Brazil.

Power tools and equipment include drills, screwdrivers, impact wrenches and drivers, hammers, wet/dry vacuums, lights, radio/chargers, saws, grinders, band saws, drill presses, shapers, polishers, plate joiners, jointers, lathes, dust management systems, routers, planers, sanders, bench top and stationary machinery, air tools, building instruments, air compressors, generators, laser products, and WORKMATE project centers and related products. Lawn and garden products include hedge trimmers, string trimmers, lawn mowers, edgers, pruners, shears, shrubbers, blower/vacuums, power sprayers, chain saws, pressure washers, and related accessories. Consumer portable power products include inverters, jump-starters, vehicle battery chargers, rechargeable spotlights, and other related products. Home products include stick, canister and hand-held vacuums; flexible flashlights; and wet scrubbers. Power tool accessories include drill bits, hammer bits, router bits, hacksaws and blades, circular saw blades, jig and reciprocating saw blades, screwdriver bits and quick-change systems, bonded and other abrasives, and worksite tool belts and bags. Product service provides replacement parts and repair and maintenance of power tools, equipment, and lawn and garden products.

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The Company’s product offerings in the power tools and accessories segment are sold to retailers, wholesalers, distributors, and jobbers, although some discontinued or reconditioned power tools, lawn and garden products, consumer portable power products, and electric cleaning and lighting products are sold through the Company-operated service centers and factory outlets directly to end users. The Company’s product service program supports its power tools, and lawn and garden products. Replacement parts and product repair services are available through a network of the Company-operated service centers, which are identified and listed in product information material included in product packaging. The materials used in the manufacturing of products in the power tools and accessories segment include batteries, copper, aluminum, steel, certain electronic components, engines, and plastics. Power tools, lawn and garden products, portable power products, home products, and accessories are marketed globally under the BLACK & DECKER name as well as other trademarks and trade names, including BLACK & DECKER, ORANGE AND BLACK COLOR SCHEME, POWERFUL SOLUTIONS, FIRESTORM, GELMAX COMFORT GRIP, MOUSE, BULLSEYE, PIVOT DRIVER, STORMSTATION, WORKMATE, BLACK & DECKER XT, VERSAPAK, VPX and SMART SELECT.

Hardware and home improvement

The hardware and home improvement segment is engaged in the manufacturing and selling of security hardware products (except for the sale of security hardware in Mexico, Central America, the Caribbean, and South America). The segment is also engaged in the manufacturing of plumbing products and for the sale of plumbing products to customers in the United States and Canada. Security hardware products consist of residential and light commercial door locksets, electronic keyless entry systems, exit devices, keying systems, tubular and mortise door locksets, general hardware, decorative hardware, and lamps. General hardware includes door hinges, cabinet hinges, door stops, kick plates, and house numbers. Decorative hardware includes cabinet hardware, switchplates, door pulls, and push plates. Plumbing products consist of a variety of conventional and decorative lavatory, kitchen, and tub and shower faucets, bath and kitchen accessories, and replacement parts.

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The Company’s product offerings in the hardware and home improvement segment are sold to the retailers, wholesalers, distributors, and jobbers. Certain security hardware products are sold to commercial, institutional, and industrial customers. The materials used in the manufacturing of products in the hardware and home improvement segment are zamak, brass, zinc, steel, and copper. The security hardware products are marketed under a range of trademarks, including KWIKSET SECURITY, KWIKSET MAXIMUM SECURITY, KWIKSET ULTRAMAX, KWIKSET SIGNATURE SERIES, KWIKSET, BEAUTY OF STRENGTH, BLACK & DECKER and TYLO.

Fastening and assembly systems

The Company’s fastening and assembly systems segment is engaged in the development, manufacturing and selling of a range of metal and plastic fasteners and engineered fastening systems for commercial applications, including blind riveting, stud welding, specialty screws, prevailing torque nuts and assemblies, insert systems, metal and plastic fasteners, and self-piercing riveting systems. The markets for the products include the automotive, transportation, electronics, aerospace, machine tool, and appliance industries. The raw materials used in the fastening and assembly systems business consist primarily of ferrous and nonferrous metals (in the form of wire, bar stock, and strip and sheet metals) and plastics. The fastening and assembly systems are marketed under a range of trademarks, including EMHART TEKNOLOGIES; EMHART FASTENING TEKNOLOGIES; EMHART; AUTOSET; DODGE; DRIL-KWICK; F-SERIES; GRIPCO; GRIPCO ASSEMBLIES; HELI-COIL; JACK NUT; KALEI; MASTERFIX; NPR; NUT-FAST; PARKER-KALON; PLASTIFAST; PLASTI-KWICK; POINT & SET; PRIMER FREE; POP; POP-LOK; POPMATIC; POPNUT; POPSET; POP-SERT; POWERLINK; PROSET; SMARTSET; SPIRALOCK; SWS; TUCKER; ULTRA-GRIP; ULTRASERT; WARREN; WELDFAST; and WELL-NUT.

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