After the merger, Stanley Black and Decker has increased its diversified customer base, which decreases concentrated customer risk. As such, international sales and the integrated mass merchant distribution channels has allowed SWK to grow at a greater rate. For example, sales to the company’s largest customer as a percentage of total sales have decreased from 22% in 2002 to single digits. This is a reason why the overall integration will provide synergies which will increase Stanley's price.
