M&A Deal Summary

Stanley Black & Decker Acquires Craftsman

On January 5, 2017, Stanley Black & Decker acquired consumer products company Craftsman from Sears Holdings for 900M USD

Acquisition Highlights
  • This is Stanley Black & Decker’s 1st transaction in the Consumer Products sector.
  • This is Stanley Black & Decker’s 4th largest (disclosed) transaction.
  • This is Stanley Black & Decker’s 14th transaction in the United States.
  • This is Stanley Black & Decker’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2017-01-05
Target Craftsman
Sector Consumer Products
Buyer(s) Stanley Black & Decker
Sellers(s) Sears Holdings
Deal Type Divestiture
Deal Value 900M USD

Target

Craftsman

Hoffman Estates, Illinois, United States
Craftsman is a brand and line of a variety of tools and outdoor products including power tools, hand tools, lawn care equipment, and other products. The brand was introduced by Sears as house brand in 1927.

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Buyer(S) 1

Buyer

Stanley Black & Decker

New Britain, Connecticut, United States
Category Company
Founded 1843
Sector Diversified
Employees50,000
Revenue 15.8B USD (2023)
DESCRIPTION
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.
Entrance to Stanley Black & Decker's corporate headquarters in New Britain, Connecticut.

Stanley Black & Decker is a diversified global producer of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. Stanley Black & Decker was founded in 1843 and is based in New Britain, Connecticut.

DEAL STATS #
Overall 21 of 27
Sector (Consumer Products) 1 of 1
Type (Divestiture) 3 of 5
State (Illinois) 2 of 2
Country (United States) 14 of 20
Year (2017) 1 of 2
Size (of disclosed) 4 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 Stanley Black & Decker - Mechanical Security Businesses

New Britain, Connecticut, United States

Stanley Black & Decker, Inc. - Mechanical Security Businesses includes the commercial hardware brands of BEST Access, phi Precision and GMT.

Sell $725M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 JENSEN Tools + Supply

North Andover, Massachusetts, United States

JENSEN Tools + Supply, Inc. is a provider of value-added solutions for electronics manufacture, field service, and repair professionals. JENSEN’s customer-centric approach combines the best brands and products with an experienced and responsive sales team to provide a level of service that’s unmatched in the industry.

Sell -

Seller(S) 1

SELLER

Sears Holdings

Hoffman Estates, Illinois, United States
Category Company
Founded 2005
Sector Retail
Revenue 16.7B USD (2017)
DESCRIPTION
Sears Holdings' corporate headquarters in Hoffman Estates, Illinois.
Sears Holdings' corporate headquarters in Hoffman Estates, Illinois.

Sears Holdings was the holding company fo US-based retailers Kmart and Sears. Sears Holdings was formed in 2005 and was based in Hoffman Estates, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 2 of 2
Country (United States) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-04 Lands End

Dodgeville, Wisconsin, United States

Lands' End is a clothing retailer that markets traditionally styled, casual clothing, available through catalogs known for their folksy, chatty style. Lands' End was founded in 1963 and is based in Dodgeville, Wisconsin.

Sell -
Mergr

Product

Company

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