FORT MILL, S.C. – Stanley Black & Decker (NYSE: SWK), one of the world’s largest tool and storage companies, is opening a new manufacturing facility in York County. The new operations are projected to bring $31 million in capital investment and lead to the creation of 500 new jobs.
An internationally-recognized Fortune 500 company, Stanley Black & Decker is a diversified global provider of hand tools, power tools and related accessories; electronic security solutions; and, engineered fastening systems.
Stanley Black & Decker will be occupying a new 345,000-square-foot facility for the manufacture and assembly of DEWALT cordless power tools. The new facility will be located in the Lakemont Business Park in Fort Mill, S.C.
With a manufacturing presence in the U.S. dating back to 1843, Stanley Black & Decker continues to advance its “Made in the USA with Global Materials” operations by growing its manufacturing capacity in the U.S. This York County facility will enable further acceleration of Stanley Black & Decker’s “Make Where We Sell” strategy.
The Coordinating Council for Economic Development has approved job development credits related to this project.
QUOTES
“You may know Stanley Black & Decker has always been committed to American manufacturing. But you may not know that we operate 30 manufacturing plants across America, and have announced two more American manufacturing plants and several factory expansions in this year alone. We are proud to continuously make more product in the U.S.A., and even prouder to be the world’s largest and America’s largest tool company.” -Stanley Black & Decker Global Tools and Storage President Jeff Ansell
“Stanley Black & Decker’s decision to invest in South Carolina and create 500 new jobs here is one that will change lives in York County. Our state’s manufacturing industry continues to impress, and having a global name like Stanley Black & Decker call our state home is a testament to our world-class workforce and competitive business environment.” -Gov. Henry McMaster
“Between our transportation infrastructure, world-renowned workforce development programs and business-friendly climate, it’s no wonder that an industry leader like Stanley Black & Decker has decided to locate a new manufacturing center in the Palmetto State.” -Secretary of Commerce Bobby Hitt
“On behalf of York County, we congratulate Stanley Black & Decker on the announcement of this new U.S.-based manufacturing operation. This is great news for our county and our state. We are thrilled to have this global manufacturer expand their footprint here in York County, and we look forward to the 500 jobs it will bring to our area in the years to come.” -York County Council Chairman Britt Blackwell
FIVE FAST FACTS
- Stanley Black & Decker is opening new manufacturing operations in York County.
- $31 million investment to create 500 new jobs.
- Stanley Black & Decker is a diversified global provider of hand tools, power tools and related accessories.
- Located in the Lakemont Business Park in Fort Mill, S.C., the company will be constructing a new 345,000-square-foot facility for the manufacture and assembly of DeWalt brand cordless power tools.
- For more information on Stanley Black & Decker, visit the company’s website.
About S.C. Department of Commerce
As South Carolina’s leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, since 2011, South Carolina has ranked among top three in the nation for attracting jobs through foreign investment on a per capita basis, according to IBM-Plant Location International. Additionally, in five of seven years, the state has won the Gold Shovel Award from Area Development magazine. For more information, visit www.SCcommerce.com.
Media Contact:
Adrienne R. Fairwell, APR
Director of Marketing and Communications
South Carolina Department of Commerce
(803) 737-1998
afairwell@sccommerce.com
www.SCcommerce.com
