Stanley Black & Decker Contributes Up To $150,000 for Hurricane Relief and Rebuilding Efforts

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Oct 18, 2018, 09:00 ET

NEW BRITAIN, Conn., Oct. 18, 2018 /PRNewswire/ -- In the wake of one of the largest and most destructive hurricanes to ever hit the continental United States, Stanley Black & Decker (NYSE: SWK) today announced a commitment of up to $150,000 for immediate disaster relief and rebuilding. The company will donate $50,000 to the American Red Cross for its immediate disaster relief efforts and $50,000 in STANLEY, CRAFTSMAN and DEWALT Tools to ToolBank Disaster Services, as well as double its Employee Matching Gifts program (matching employee gifts $2 for every $1 raised) to generate an additional $50,000.

"Tens of thousands of Americans have been affected by the recent storms, and are in need of support and aid to get back on their feet," said Stanley Black & Decker President & CEO Jim Loree. "Organizations such as the American Red Cross and ToolBank USA provide vital support in these critical times, and their efforts are truly inspiring. We are committed to improving the communities where we live and work and being a force for good, particularly during challenging times such as these. Our hearts go out to the families and their loved ones."

The American Red Cross is always one of the first responders to reach the ground when natural disasters strike. ToolBank is a 25-year-old nonprofit with a commitment to providing tools and supplies so that nonprofits can fulfill their missions without worrying about tool inventories. The ToolBank network has grown into ten metropolitan areas across the United States and now includes several Disaster Services Vehicles, which are a fully-stocked 18-wheel tractor trailers able to deploy when natural disasters strike. The ToolBank Disaster Services contains tools from many of Stanley Black & Decker's most well-known brands, including STANLEY, CRAFTSMAN and DEWALT.

Through its support of ToolBank, the American Red Cross and other organizations, Stanley Black & Decker has a longstanding track record of providing disaster relief services, and a demonstrated commitment to rebuilding within the communities impacted by natural disasters.

About Stanley Black & Decker

Stanley Black & Decker is a $13 billion revenue, $20+ billion market capitalization, purpose-driven industrial organization. Stanley Black & Decker has 58,000 employees in more than 60 countries and operates the world's largest tools and storage business, the world's second largest commercial electronic security company, a leading engineered fastening business as well as Oil & Gas and Infrastructure businesses. The company's iconic brands include BLACK+DECKER, Bostitch, CRAFTSMAN, DEWALT, FACOM, Irwin, Lenox, Porter Cable and Stanley. Stanley Black & Decker is a company for the makers and innovators, the craftsmen and the caregivers, and those doing the hard work to make the world a better place. Learn more at www.stanleyblackanddecker.com.

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SOURCE Stanley Black & Decker