SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report(Date of earliest event reported):February 18, 1997
The Stanley Works
(Exact name of registrant as specified in charter)
Connecticut 1-5224 06-058860
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1000 Stanley Drive, New Britain, Connecticut 06053
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(203) 225-5111
Not Applicable
(Former name or former address, if changed since last report)
Exhibit Index is located on Page 4
Item 5. Other Events.
1. On February 18, 1997, the Registrant issued a press release.
Attached as Exhibit (20)(i) is a copy of the
Registrant's press release. This Exhibit is incorporated herein
by reference.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(20)(i) Press release dated February 18, 1997
announcing the sale of Stanley s Garage-
Related Products business unit.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized
THE STANLEY WORKS
By: Stephen S. Weddle
Name: Stephen S. Weddle
Title: Vice President, General
Counsel and Secretary
Date: February 18, 1997
EXHIBIT INDEX
Current Report on Form 8-K
Dated February 18, 1997
Exhibit No. Page
20(i) 5
Exhibit
(20)(i)
FOR IMMEDIATE RELEASE
February 18, 1997
THE STANLEY WORKS COMPLETES DIVESTITURE PROGRAM
New Britain, Connecticut (NYSE:"SWK") ... The Stanley Works
today announced it has completed the sale of its Garage-Related
Products business unit to Whistler Corporation of
Chelmsford, Massachusetts. The Garage-Related Products business, a segment
of Stanley Door Systems, produces and sells garage doors, garage
door openers and gate operators, and related electronic
accessories. Stanley Door Systems management emphasized its
commitment to assist Whistler personnel with the Garage-Related
products business for several months, ensuring continued
transition support to customers and employees. The disposition
was made in order to focus the company s efforts on continued
profitable growth in its entry door business. Terms of the
transaction were not disclosed.
The company also indicated it will retain its Office Products
business unit, previously targeted for sale. Opportunities for
operational improvements, expected to enhance the performance of
that business unit, were cited. These two announcements bring
closure to the company s divestiture program, announced early in
1996. This program was successful in removing a number of non-
strategic business units from the company s portfolio, freeing
capital for reinvestment.
The Stanley Works is a worldwide producer of tools, hardware and
specialty hardware for consumer, home improvement, industrial and
professional use. Whistler Corporation manufactures and sells
automobile electronics including radar detectors, automobile
security products and other automotive aftermarket products.
Contact: Gerard J. Gould
Director, Investor Relations and Communications
Tel.: (860) 827-3833
The Stanley Works corporate press releases are available through
PR Newswire's "Company News On-Call" service. By FAX: dial
1-800-758-5804, ext. 874363 or on the internet at:
http://www.prnewswire.com or http://www.StanleyWorks.com.
