Stanley Black & Decker to Close Hampstead Factory and Lay Off Dozens
Stanley Black & Decker Inc., one of the world's largest tool companies, is closing its underperforming factory in Hampstead, Maryland. The decision follows a steady decline in production volume at the facility over recent years. According to a WARN notice filed with the state labor department on August 19, layoffs will begin October 23 and continue until March 26 of next year. The company plans to support affected employees through severance packages, job placement services, and potential employment opportunities in other U.S.-based facilities. The Hampstead plant has a long history dating back to its opening by Black & Decker in 1951 as a power tool manufacturing site before transitioning into distribution and powdered metal production. This move is part of broader industry trends where companies are closing underperforming locations across sectors, including retail and restaurants. Stanley Black & Decker reported $15.13 billion in revenue for the year ending 2025.
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