Black & Decker CYCLONE BLC12600BUC Manuel d'utilisateur télécharger pdf (Page 4)

PART I

ITEM 1. BUSINESS

(a) General Development of Business

The Black & Decker Corporation (collectively with its subsidiaries, the Corporation), incorporated in Maryland in 1910, is a leading

global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based

fastening systems. With products and services marketed in over 100 countries, the Corporation enjoys worldwide recognition of its

strong brand names and a superior reputation for quality, design, innovation, and value.

The Corporation is one of the world’s leading producers of power tools, power tool accessories, and residential security hardware, and

the Corporation’s product lines hold leading market share positions in these industries. The Corporation is also a major global supplier

of engineered fastening and assembly systems. The Corporation is one of the leading producers of faucets in North America. These

assertions are based on total volume of sales of products compared to the total market for those products and are supported by market

research studies sponsored by the Corporation as well as independent industry statistics available through various trade organizations

and periodicals, internally generated market data, and other sources.

On November 2, 2009, the Corporation announced that it had entered into a definitive merger agreement to create Stanley Black &

Decker, Inc. in an all-stock transaction. Under the terms of the transaction, which has been approved by the Boards of Directors of

both the Corporation and The Stanley Works, the Corporation’s shareholders will receive a fixed ratio of 1.275 shares of The Stanley

Works common stock for each share of the Corporation’s common stock that they own. Consummation of the transaction, which is

subject to customary closing conditions, including obtaining certain regulatory approvals outside of the United States, as well as

shareholder approval from the shareholders of both the Corporation and The Stanley Works, is expected to occur on March 12, 2010.

(b) Financial Information about Business Segments

The Corporation operates in three reportable business segments: Power Tools and Accessories, including consumer and industrial

power tools and accessories, lawn and garden products, electric cleaning, automotive, lighting, and household products, and product

service; Hardware and Home Improvement, including security hardware and plumbing products; and Fastening and Assembly

Systems. For additional information about these segments, see Note 17 of Notes to Consolidated Financial Statements included in

Item 8 of Part II, and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in Item 7 of

Part II of this report.

The following is a brief description of each of the Corporation’s reportable business segments.

POWER TOOLS AND ACCESSORIES

The Power Tools and Accessories segment has worldwide responsibility for the manufacture and sale of consumer (home use) and

industrial corded and cordless electric power tools and equipment, lawn and garden products, consumer portable power products,

home products, accessories and attachments for power tools, and product service. In addition, the Power Tools and Accessories

segment has responsibility for the sale of security hardware to customers in Mexico, Central America, the Caribbean, and South

America; for the sale of plumbing products to customers outside of the United States and Canada; and for sales of household products,

principally in Europe and Brazil.

Power tools and equipment include drills, screwdrivers, impact wrenches and drivers, hammers, wet/dry vacuums, lights,

radio/chargers, saws, grinders, band saws, polishers, plate joiners, jointers, lathes, dust management systems, routers, planers, tile

saws, sanders, benchtop and stationary machinery, air tools, building instruments, air compressors, generators, laser products, and

WORKMATE® project centers and related products. Lawn and garden products include hedge trimmers, string trimmers, lawn

mowers, edgers, pruners, shears, shrubbers, blower/vacuums, power sprayers, chain saws, pressure washers, and related accessories.

Consumer portable power products include inverters, jump-starters, vehicle battery chargers, rechargeable spotlights, and other related

products. Home products include stick, canister and hand-held vacuums; flexible flashlights; and wet scrubbers. Power tool

accessories include drill bits, hammer bits, router bits, hacksaws and blades, circular saw blades, jig and reciprocating saw blades,

diamond blades, screwdriver bits and quick-change systems, bonded and other abrasives, and worksite tool belts and bags. Product

service provides replacement parts and repair and maintenance of power tools, equipment, and lawn and garden products.

Power tools, lawn and garden products, portable power products, home products, and accessories are marketed around the world under

the BLACK & DECKER name as well as other trademarks, and trade names, including, without limitation, ORANGE AND BLACK

COLOR SCHEME; POWERFUL SOLUTIONS; FIRESTORM; GELMAX COMFORT GRIP; MOUSE; BULLSEYE; PIVOT

DRIVER; STORMSTATION; WORKMATE; BLACK & DECKER XT;

Source: BLACK & DECKER CORP, 10-K, February 19, 2010 Powered by Morningstar

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