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Stanley Black & Decker to open Craftsman plant in Fort Worth with 500 full-time workers [MarketWatch]

Stanley Black & Decker, Inc (SWK)  More Company Research Source: MarketWatch
Last stanley black & decker, inc earnings: 4/24 06:00 am Check Earnings Report
US:NYSE Investor Relations: stanleyblackanddecker.com
PDF Stanley Black & Decker to open Craftsman plant in Fort Worth with 500 full-time workers Stanley Black & Decker Inc. SWK, -1.33% said Wednesday it is planning to open a new Craftsman manufacturing plant in Forth Worth, Texas. The groundbreaking on the 426,000 sq. ft. facility is expected to take place in the summer and be completed by late 2020. The plant will have 500 full-time workers making a range of Craftsman tools, including sockets, ratchets and wrenches. "When we purchased CRAFTSMAN in 2017 we were determined to revitalize this iconic U.S. brand and bring back its American manufacturing heritage," Chief Executive Jim Loree said in a statement. The brand is expected to reach $1 billion in incremental sales by 2021, he said. Shares were not yet active premarket, but have fallen 4.7% in the last 12 months, while the S&P 500 SPX, -0.46% has gained 4.5%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. [Read more]

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