Black & Decker: Acquisitions planned
The US manufacturer Stanley Black & Decker (the world's largest manufacturer of all types of tools and fasteners) achieved sales of 11,406 in 2016 ............
$ 9 million (€ 10,661.5 million), up 2.1%. Net income increased to $ 964.9 million (€ 901.8 million).
The individual units reached:
& bull; $ 7,469.2 million (€ 6,981.1 million) in the construction and do-it-yourself sector.
& bull; EUR 2,097.4 (EUR 1,960.3 million) in the security area
& bull; 1,840.3 (EUR 1,720 million) in the industrial sector
At the press conference, President and CEO James Loree announced that the goal was to increase profits by to double by the year 2022, on the one hand through acquisitions, and on the other by strong organic growth.