Stanley Black & Decker Opens CRAFTSMAN Plant in Fort Worth, Texas
The groundbreaking for the 425,000-square-foot facility will take place in summer 2019, and the plant is expected to be completed in late 2020.
The new plant will manufacture a wide range of CRAFTSMAN mechanics tools, including sockets, ratchets, wrenches and general sets. The plant will also leverage some of the most advanced manufacturing technologies available to optimize productivity and sustainability, including pre-flattening steel technologies to improve material yield by almost 25 percent, as well as water and energy management technologies to reduce resource consumption. The AllianceTexas plant will employ approximately 500 full-time employees to support the facility.
“When we purchased CRAFTSMAN in 2017 we were determined to revitalize this iconic U.S. brand and bring back its American manufacturing heritage," said Stanley Black & Decker President & CEO Jim Loree. “From the launch of CRAFTSMAN's refreshed brand identity last year to our announcement of the first new manufacturing facility in many years, we’re demonstrating our continued commitment to grow the brand and bring even more production of these great products back to the United States.”
“This new plant will also be the latest in our network of manufacturing facilities, one that uses state-of-the-art manufacturing technologies and demonstrates our commitment to becoming one of the world’s leaders in advanced manufacturing,” Loree continued.
Stanley Black & Decker purchased CRAFTSMAN in 2017 and the following year, CRAFTSMAN launched a refreshed brand identity in August 2018, unveiling more than 1,200 new products. The brand is now on pace for an accelerated growth trajectory to reach $1 billion in incremental revenues by 2021.
“The addition of Stanley Black & Decker’s manufacturing operations at AllianceTexas reinforces the importance of retaining and creating new job opportunities in the United States,” said Ross Perot Jr., chairman of The Perot Group and Hillwood, developer of AllianceTexas. “Stanley Black & Decker is the world’s largest supplier of tools and storage products and its commitment to bringing jobs stateside will help set a precedent for other manufacturing companies. The state-of-the-art manufacturing facility at AllianceTexas will help generate hundreds of jobs in Fort Worth and North Texas, which will have a lasting impact on the region.”
“Stanley Black & Decker’s expansion within AllianceTexas significantly enhances the company’s ability to concurrently distribute and now manufacture its world-renowned tools from a centralized location in the United States,” said Tony Creme, Senior Vice president of Hillwood. “Their confidence in the workforce and supply chain infrastructure available at AllianceTexas were key drivers in this strategic expansion of their operations.”
Last month, Stanley Black & Decker also opened a new 23,000-square-foot Advanced Manufacturing Center of Excellence, called “Manufactory 4.0”, in Hartford, Connecticut.
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