Stanley Black & Decker has two segments: Tools & Storage and Industrial, which provide professional-grade and consumer products, and engineered fastening systems and products, as well as pipeline construction equipment respectively. The company sells its products through a range of channels to professional end users, retail consumers, and industrial customers across the globe. It was originally founded in 1843 and later changed its name to Stanley Black & Decker, Inc. in March 2010, with its headquarters located in New Britain, Connecticut.