2011 Top 100: Housewares/Appliances
Stanley Black & Decker
When the combination of Stanley Black & Decker was announced in 2010, management provided a cost synergy target of $350 million to be achieved by March 2013. Now the company believes it will achieve $425 million in cost synergies by the end of 2012. The overwhelming majority of this $75 million excess over the original target is projected to fall to the bottom line. The outperformance is being driven by above estimate achievements in three of the four areas for synergy realization: Manufacturing & Distribution, Sourcing & Procurement and Business & Regional Consolidation. Additionally, management is targeting to achieve approximately $300 to $400 million in revenue synergies by the end of 2013, driven by brand expansion, increased access to global markets and cross-selling opportunities.
When the combination of Stanley Black & Decker was announced in 2010, management provided a cost synergy target of $350 million to be achieved by March 2013. Now the company believes it will achieve $425 million in cost synergies by the end of 2012. The overwhelming majority of this $75 million excess over the original target is projected to fall to the bottom line. The outperformance is being driven by above estimate achievements in three of the four areas for synergy realization: Manufacturing & Distribution, Sourcing & Procurement and Business & Regional Consolidation. Additionally, management is targeting to achieve approximately $300 to $400 million in revenue synergies by the end of 2013, driven by brand expansion, increased access to global markets and cross-selling opportunities.