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The closing as well as laying off 175 employees is in an effort to shrink their manufacturing and distribution network and cut $2 Billion in costs per their news release from Monday.

The moves were part of a “transformation strategy designed to deliver $2 billion in cost savings and are reflective of the current economic conditions which highlighted needed changes in Stanley Black & Decker’s production and distribution network,”

PRNewswire, Stanley Black & Decker

In addition to the Fort Worth closure, They are also moving operations from their facility in Cheraw, S.C., to two other plants in Tennessee. The South Carolina plant has 182 employees and 80 jobs are being added to the Tennessee factories.

The company had just opened the 425,000-square-foot facility in late 2020 in the AllianceTexas development near Interstate 35W. It was the company’s first new manufacturing facility in several years after buying the Craftsman brand from Sears in 2017. It’s just east of Perot Field Fort Worth Alliance Airport. In Fort Worth, workers made mechanic’s tools under the Craftsman brand including sockets, ratchets and wrenches.

The company originally targeted the site for as many as 500 jobs, but Monday’s announcement said the closing would affect 175 workers (Dallas Morning News).

I was told today that the success of the plant required innovative solutions and new-to-world processes to all come together consistently.

They hoped to overcome numerous obstacles, but ultimately could not.

Toolguyd

Tools produced at the Fort Worth facility will be available for sale at existing distributors. Once those tools sell out, they will not be replenished (Toolguyd).

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