#1 out of 18
business20h ago
Last tool factory in town that helped build America prepares to shut
- Stanley Black & Decker will close its Myrtle Street plant in New Britain, ending the city’s long manufacturing history.
- The closure, effective May 18, will cost about 300 jobs, including more than 200 union roles.
- Company executives cited obsolescence and cost differentials, noting Thailand production reduces US labor costs for double-sided tape measures.
- New Britain mayor Bobby Sanchez voiced deep disappointment over the decision.
- The company has closed other US plants in recent years, including locations in Texas, South Carolina, and North Carolina.
- The town still maintains a broader manufacturing base, with other firms like General Dynamics Electric Boat hiring thousands of workers.
- Stanley merged with Black & Decker in 2010 but kept its headquarters in New Britain.
- The plant produced single-sided tape measures, which the company says are less popular than the double-sided variants.
- The closure aligns with broader tariff-driven shifts in US manufacturing strategy observed by the company.
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