The Stanley Works is a manufacturer of a broad range of tools, hardware, and security products for the consumer, industrial, professional, commercial, and institutional markets. Stanley is a global manufacturer, with production facilities in 17 U.S. states and 14 foreign countries, and is one of the world leaders in hand tools. Approximately 40 percent of its revenues are derived outside the United States. Stanley is an old and successful company in a hidebound industry, metalworking, that has proven extremely vulnerable to foreign competition since the 1960s. The early 2000s have seen the company diversify further into the security business through a string of acquisitions; security products and services now generate a full quarter of overall sales.