While officially under the umbrella of the Stanley Black & Decker group of companies, DeWalt has had a long history of its own before its acquisition. In 1922, Raymond DeWalt invented the world’s first radial arm saw. Initially marketed as the “DeWalt Wonder-Worker,” the electric universal woodworking machine could be configured in nine different ways. Three years later, his patent was officially granted in the United States.
In 1924, Raymond DeWalt founded the DeWalt Products Company, which experienced rapid expansion in the early 1940s to support the World War II efforts. By 1960, Black & Decker acquired DeWalt and helped fuel its growth for the years to come. In 1992, DeWalt launched its first line of portable power tools and has continued on its path of innovation ever since.
After 30 years of competition, Stanley and Black & Decker agreed on a merger in 2009. According to the New York Times, the merger was set to reduce millions in costs for both companies amid slowing construction brought about by the real estate crash. In addition, it helped consolidate its operations and expertise, which led to jumps in development within its manufacturing processes.
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