Fort Worth: Stanley Black & Decker to open Craftsman plant at AllianceTexas
Stanley Black & Decker will expand its U.S. manufacturing footprint with a new Craftsman manufacturing plant at AllianceTexas in Fort Worth. The groundbreaking for the 425,000-square-foot facility will take place this summer, and the plant is expected to be completed in late 2020.
The new plant will manufacture a range of Craftsman mechanics tools, including sockets, ratchets, wrenches and general sets.
The manufacturing plant will be located east of I-35W at Eagle Parkway and North Beach Street. The plant will employ approximately 500 full-time employees.
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.
“We are very pleased to have worked with Stanley Black & Decker on this expansion project,” said Robert Sturns, Fort Worth director of economic development. “The Stanley Black & Decker name is known across the nation for their craftsmanship and expertise in developing quality tools. This expansion increases their North American footprint, and they join the ranks of other high-profile manufacturers that have a strong presence in Fort Worth.”
Stanley Black & Decker currently operates approximately 30 manufacturing facilities in the United States, with more than 100 manufacturing facilities globally.
“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. “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.”