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The company's products are available throughout the globe. The company's headquarters are located in Towson, Maryland. Its history began in 1910 when the Black and Decker Manufacturing Company was established in Towson, north of Baltimore. In the 1920s, the company grew internationally. The company began manufacturing in South Africa, Australia and Victoria. In 1946, the company launched its first line of consumer power tools, dubbed the Home Utility line. The Home Utility line included a assortment of small tools designed for DIY use like a jigsaw and an impact socket wrench.<br><br>During the latter half of the 1950s and into the early 1960s, Black+Decker continued to expand internationally. In 1966, the company entered into an alliance with the Emhart Corporation to market its brands, which included Kwikset locks, Price Pfister faucets, Molly wall anchors, and POP rivets. The company launched the first cordless drill in the world to use interchangeable energy packs. It also developed the first global battery charging system in 1988.<br><br>Today, Stanley Black & Decker is a $14 billion purpose-driven industrial company that has one of the world's largest tool and storage businesses, a top engineered fastening industry, as well as Oil and Gas and Infrastructure solutions. Black & Decker is one of the most recognizable brands, alongside Craftsman, Facom DeWALT Irwin Lenox and Porter Cable.<br><br>Black and Decker's recent move to sell off its home appliance division is part of a larger strategy to return the company to its main products. The goal is to focus on premium power tool products, distributed under the DeWalt name which make up 20 percent of sales. In addition the company is increasing its focus on its industrial and home products.
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