Integration Success Stories

A successful integration overseas: Générale de Protection

When Stanley bought France-based Générale de Protection (GdP) in October of 2008 for approximately $170 million, we knew we had a challenge ahead of us. Not only did we have to seamlessly transition close to 45,000 accounts and 700 employees, but the fact they were all located in France or Belgium made it that much more complicated.

One year later

  • Revenues increased 19% and operating margin increased close to 40% from the fourth quarter of 2008 to the fourth quarter of 2009
  • The foundations of SFS were quickly embraced and improvements in working capital elements were clear as DSO decreased over 30% and DSI decreased over 40% in 2009
  • Quick integration of IT platforms: went live on SAP on January 1, 2010
  • Launched Stanley's Access Control offerings in 2Q'09 and exceeded internal sales targets for customer adoption
  • Successfully launched eServices, one of Stanley's key competitive advantages, less than one year after the close
  • We've increased customer renewal rate since we acquired the business
  • Bernard Richerme, CEO of GdP since 2001, remains at the helm today

The successful integration of GdP helps to lay a solid foundation for future international acquisitions within our Security segment.

Learn more about the Stanley Fulfillment System.

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.

Watch our Securities videos to learn more about our Mechanical Access Solutions and Convergent Security Solutions.

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