The Facom acquisition: seamless integration the Stanley way
Since our Industrial business' watershed acquisition of Facom in 2006, we have worked
to seamlessly integrate that business into our Industrial and Automotive Repair
platform. After three years, we can confidently say the integration was a clear
success.
Utilizing our well-established process and disciplined approach, we brought
Facom's strong brand and unique culture together with our existing European Industrial
operations by achieving the right mix of value-creation initiatives:
- Leveraging of Stanley's global sourcing platform (including low-cost country sourcing)
- Rationalization of industrial and distribution footprint
- Optimization of the SG&A organization
- Development of opportunities for product cross-selling
- Sharing new-product development capabilities
Increased revenue, increased success
Through diligent focus on both stabilization and synergies throughout the integration
process, Facom's EBIT has increased from €50.7 million before the acquisition
in 2005 to €72.5 million in 2008.
The Facom success story proves that our integration abilities are second to none,
and our Industrial platform is well positioned for growth.
Learn more about how the Stanley Fulfillment System
drives growth.
Download a full copy of the 2009 Stanley Black
& Decker Annual Report To Shareholders, which includes the Letter to Shareholders,
Stanley Financial Summaries and the Stanley 10-K. You can also download a copy of
the 2009 Black & Decker 10-K.