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Stanley Black & Decker To Open U.S. Plant

Posted on 7 January 2017 | 3:27 pm by The Made in America Movement

One of the nation’s best-known toolmakers, Stanley Black & Decker, said Thursday that it will move more manufacturing back to the U.S. from overseas, including construction of a new $35 million factory after acquiring the Craftsman brand from ailing retailer Sears Holdings. Expanding American manufacturing makes “business sense” amid “pervasive,” uncertainty regarding the future of U.S. trade with China and Mexico, Stanley Black & Decker CEO James Loree told investors Thursday in a conference call. Although he did not mention Donald Trump by name in his remarks to investors, Loree hinted that the move has the side benefit of inoculating his company from the possible effects of the president-elect’s threatened “border tax,” a tariff on imports. “It’s going to be advisable to...

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